RIL October 2009 futures at discount

Turnover rises

Nifty October 2009 futures were at 5,112.30, at a premium of 3.45 points as compared to the spot closing of 5,108.85. Turnover in NSE's futures & options (F&O) segment surged to Rs 71,611.55 crore from Rs 65,953.48 crore on Wednesday, 14 October 2009.

Reliance Industries (RIL) October 2009 futures were at discount at 2165 compared to the spot closing of 2170.60.

Tata Steel October 2009 futures were at a slight discount at 572.50 compared to the spot closing of 573.70.

Suzlon Energy October 2009 futures were near spot price at 89.45 compared to the spot closing of 89.10.

In the cash market, the S&P CNX Nifty fell 9.35 points or 0.18% at 5,108.85.

Indiabulls Power IPO subscribed 22 times

Gets bids for 608.20 crore shares as against 27.86 crore shares on offer

The Indiabulls Power initial public offer (IPO) saw upbeat response from investors. The issue ended with 21.83 times oversubscription, the National Stock Exchange (NSE) data showed. The IPO garnered bids for 608.20 crore shares as against 27.86 crore shares on offer.

The issue saw high demand from qualified institutional buyers with the category getting subscribed 16.21, as of 14 October 2009. Non institutional investors category was subscribed 2.98 times while the portion reserved for retail individual investors was subscribed 0.52 times.

Indiabulls Power will issue a total of 39.07 crore shares in a price band of Rs 40-45 per share in the IPO which remains opens between 12 and 15 October 2009. The company aims to raise about Rs 1,750 crore at the top end of the price band.

On 9 October 2009, Indiabulls Power sold the maximum allowed 30% of the tranche reserved for qualified institutional buyers (QIBs), or 18% of the total IPO, to the eight anchor investors at a price of Rs 45 a piece.

According to a statement, approximately 2.1 crore shares, or 34% of the shares available to anchor investors went to Copthall Mauritius Investment, while BNP Paribas and the Nomura India Investment FundMother Fund (together with a trust company) bought 1.05 crore and 1.08 crore shares respectively. The other anchor investors were Indea Capital, the Norwegian government petroleum fund, Credit Suisse Singapore and Macquarie Bank.

Indiabulls Real Estate currently holds 71.4% in the Indiabulls Power. UK-based billionaire L.N. Mittal's LNM India Internet Ventures holds a 10.7% stake, while private equity firm FIM holds the remaining 17.9%.

Indiabulls Power, a subsidiary of Indiabulls Real Estate, has been established with the objective to develop, construct and operate power projects. The company is currently executing five coal based power projects totalling 6,615 megawatt (MW) generation capacities. The company proposes to set up power plants in Maharashtra (Amravati and Nashik) and Chhattisgarh (Bhaiyathan). The management has indicated that the first power plant would be commissioned at Nashik in 2011-12.

The proceeds of the proposed IPO will part finance the construction and development of the 1,320 MW Amravati Power Project Phase I, fund equity contribution in the company's wholly owned subsidiary to part finance the construction and development of 1,335 MW Nashik Power Project, apart from general corporate purposes.

Credit rating agency CRISIL has assigned IPO Grade "3/5" to the proposed initial public offer of Indiabulls Power, which indicates that the fundamentals of the issue are average relative to other listed equity securities.

Asian markets finish firm

Shanghai, Seoul, Hang Seng advance further while Sensex miss it marginally

Stock market in Asian region finished firm on Thursday, 15 October 2009, following the overnight rally on Wall Street on the back of some better-than-expected quarterly results and economic data aiding sentiment to a marked extent. A slew of encouraging economic and corporate reports from the region are also seen contributing to the firm trend. Though some of the regional markets pared a portion of their early gains due to profit booking, the mood remained fairly positive in the region.

On Wall Street, stocks ended with strong gains as positive mood checked in since Intel reported better than expected earnings. That was taken further ahead by another earning surprise in the financial sector. With the Dollar Index down once again to fourteen month low, the same also pushed stocks higher in broad-based fashion. The Dow closed above 10,000, for the first time in one year.

The Dow Jones Industrial Average ended higher by 144.8 points at 10,015.86. The Nasdaq Composite Index, ended higher by 32.34 points at 2,172.23. S&P 500 ended higher by 18.83 points at 1092.02.

On the economic front, retail sales data for September has also provided a boon to stocks. According to the advance retail sales report, sales fell 1.5% last month, but that wasn't as bad as the 2.1% decline. Excluding autos, retail sales were up 0.5% in September.

In the commodity market, crude oil was little changed near a one-year high in New York before a report forecast to show that U.S. crude inventories rose.

Crude oil for November delivery traded 10 cents higher at $75.28 a barrel in electronic trading on the New York Mercantile Exchange as of 11:21 a.m. London time. Crude oil earlier climbed to $75.96 a barrel; it’s highest since October 2008.

Brent crude oil for November settlement rose as much as 76 cents, or 1 percent, to $73.86 a barrel on the London-based ICE Futures Europe exchange. The contract, which expires today, was unchanged at $73.10 a barrel at 11:04 a.m. local time.

Gold declined for a second day in London as the metal’s rally to a record-prompted sale by some investors to lock in gains. Immediate-delivery bullion lost as much as $11.43, or 1.1%, to $1,050.98 an ounce and was at $1,053.72 at 11:05 a.m. local time.

In the currency market, US dollar further extends recent decline on the back of strong risk appetite in the markets.

The Japanese yen plummeted against their major counterparts as a gain in stocks on improving corporate earnings reduced demand for safe-haven currencies. The Japanese yen was quoted at 89.67 against greenback.

The Hong Kong dollar was trading at HK$ 7.7500 against the dollar. Actually The Hong Kong dollar is pegged at HK$ 7.8 to the U.S. dollar but can trade between HK$ 7.75 and HK$7.85 to the U.S. dollar.

In Sydney trade, the Australian dollar closed above $US0.9200 for the first time in more than a year, after investors latched on to hawkish interest rate comments from the Reserve Bank of Australia. At the local close, the dollar was trading at $US0.9223, up from Wednesday’s close of $US0.9140. It was a fresh 14-month high for the unit since it touched $US0.9300 on August 5, 2008.

In Wellington trade, the New Zealand dollar rose to its highest level since July 2008 after higher-than-expected inflation data caused investors to bring forward expectations for New Zealand's first official interest rate hike. At the local close, the NZ dollar was at US74.63c, up from US73.81c at 8am and US73.99c at 5pm. It rose as high as US74.89c today.

The South Korean currency rose to the 1,150-won level against the U.S. dollar for the first time in about a year on Thursday as foreign investors showed a greater appetite for risky assets. The South Korean won closed at 1,155.10 won to the greenback, up 9.7 won or 0.84% from the previous session and marking the highest level since 24 September 2008. It climbed to as high as 1,155 won to the dollar at one point.

The Taiwan dollar strengthened against the greenback. The Taiwan dollar was trading higher against the US dollar at NT$ 32.2180, 0.0240 up from Wednesday’s close of NT$32.2420.

In the Asian equity market, stock markets finished mostly higher today following the positive lead from the Wall Street after US dollar fell as investors sought higher-yielding assets.

In Japan, shares market boosted by a positive lead from Wall Street where the Dow Jones Index rose above the 10,000-point level for the first time this year. Export related stocks led the rally as halt in yen appreciation prompted investors to test the upside, meanwhile robust US company results and retail sales data fueling the rally on strengthening confidence the global recovery gaining traction. At the closing bell, the Nikkei 225 Stock Average index spurted 178.44 points or 1.77%, to 10,238.65, while the broader Topix was up 9.77 points, or 1.09% to 904.11.

On the economic front, as per the latest Monthly Report of Recent Economic and Financial Developments, the Bank of Japan upgraded its economic assessment for the second consecutive month. The Bank of Japan said the Japan economy has started to pick up compared to its last month’s view that economic conditions are showing signs of recovery.

In Mainland China, share market finished the session up, with strong gains from financials and commodities on growing confidence about the pace of the global economic recovery after strong earnings from US investment bank JP Morgan and Intel Corp. But gains were limited amid worries about heavy shares supplies.

The Shanghai Composite Index, measuring A shares and B shares on the Shanghai Stock Exchange, spurted 9.26 points, or 0.31%, to 2,979.79, while the CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 0.38%, to 3,239.64.

On the economic front, China's M2, a broad measure of its money supply, was 58.54 trillion Yuan at the end of September, up 29.31% compared with a year ago, according to statistics released by the People's Bank of China yesterday. The year-on-year growth in September was 0.78%age points higher than the August figure. M1, which includes deposits in withdrawal-on-demand accounts and cash in circulation, rose 29.51% year on year to 20.17 trillion Yuan in September. The growth was 1.79%age points faster than in August. M0, or cash in circulation, increased 15.96% from a year earlier to 3.68 trillion Yuan in September.

The Commerce Ministry reported Thursday that foreign direct investment in China continued to recover in September, rising 19% from a year earlier to $7.9 billion. The foreign direct investment for the first nine months of the year totaled $63.8 billion, a 14% decline from the same period of 2008, commerce ministry said.

In Hong Kong, the stock market buoyed by optimism the global recovery is gathering strength after gains on the US market and other Asian markets. The Hang Seng Index advanced 112.60 points, or 0.51%, to 21,999.08, while the Hang Seng China Enterprise increased 81.97 points, or 0.64%, to 12,859.71.

In Australia, the share market surged with broad based gain across the sector after a strong lead from US and European market and sharp rebound in commodity prices. Financials and property trusts led the rally after JPMorgan Chase & Co.’s earnings topped estimates, boosting confidence in the economic recovery. Energy stocks spurted as the price of crude hit fresh $76 a barrel in Asian trade on fuel demand optimism. Resource-related shares outperformed after base metal prices rose in London metal exchange. Retailers were continuing their gains, with JB Hi-Fi was at an all-time high on broker upgrades.

At closing bell, the benchmark S&P/ASX200 index jumped 28.8 points, or 0.6%, to 4,859.9, meanwhile the broader All Ordinaries has gained 28.5 points, or 0.59%, to 4,862.5.

On the economic front, as per survey from the Melbourne Institute, Australia’s consumer inflationary expectations remained unchanged at 3.5% in October2009.

In New Zealand, stock market started the day strong in line with most of the Asian markets after a sturdy performance on the Wall Street overnight. The domestic benchmark index however gave up the initial strong gains to end Thursday marginally up registering the second consecutive day in the positive region. Meanwhile a number of positive economic data on the domestic front also helped the share market from dipping into the negative region. The NZX50 inched up 0.15% or 4.81 points to 3191.29. The NZX 15 edged down 0.08% or 4.80 points to close at 5764.68.

On the economic front, New Zealand ‘s manufacturing sector expanded last month for the first time since April 2008, according to the BNZ Capital - Business NZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for September stood at 51.7 indicating the sector is generally expanding.

Meanwhile, New Zealand’s inflation increased 1.7 percent from the September 2008 quarter to the September 2009 quarter, Statistics New Zealand said on Thursday. This annual increase is the lowest in five-and-a-half years. In the year to September 2009 quarter, food prices increased 5.4%, accounting for well over half of the CPI annual increase of 1.7%. Electricity prices rose 4.5% and local authority rates rose 6.6 percent. The annual increase in the CPI included a rise of 1.3% for the September 2009 quarter.

Food prices in New Zealand decreased 0.7% in the September 2009 month. The Food Price Index (FPI) also fell in August, by 0.9%. Both falls were influenced by lower fruit and vegetable prices. For the year to September 2009, food prices rose 3.3 percent, which is the smallest annual increase since a rise of 3.0 percent in the year to June 2007.

In South Korea, stocks finished higher as bullish earnings outlooks boosted steel makers and financial shares. The benchmark Korea Composite Stock Price Index (KOSPI) gained 9.9 points to end at 1,658.99.

In Singapore, stock market finished the session positive note, buoyed by growing optimism for the global economy after strong gains in other Asian bourses and Wall Street overnight. Commerce sector rose after commodities prices gained raised yesterday on optimism the global recovery is gathering strength. Shares of the oilrig builders advanced after crude oil prices rose to a one-year high. The blue chip Straits Times Index was ended session at 2,712.15, gained 3.67 points or 0.14%.

On the economic front, the Department of Statistics said that retail sales in Singapore dropped 5,2% year-on-year in August, slower than a 9.8% fall in July. Excluding motor vehicles, sales declined 3% from the previous year. Month-on-month, the seasonally adjusted retail sales grew 5.2%, after falling a revised 1.3% in the previous month.

In Taiwan, stock market consolidated itself at sixteen month high, as it extended its winning streak in second straight session, following the strong closing on Wall Street. Foreign buyers continued remain as the main driver for the upsurge. The benchmark Taiex share index extended its winning streak in second session by finishing the day higher by 14.65 points or 0.19% in a day, closing the day at 7710.40, another highest closing since 26 June 2009 when market closed the day at 7811.50.

In Philippines, growing optimism about the economic prospects assisted the Philippines stocks to scale up. The benchmark index PSEi escalated 0.41% or 12.09 points to 2,942.79, while the All Shares index increased 0.43% or 8.05 points to 1,857.38.

In India, stock-specific buying continued even as the key benchmark indices edged lower in what was a choppy trading session. The BSE 30-share Sensex was provisionally down 22.82 points or 0.13%, off close to 145 points from the day's high and up close to 115 points from the days low. The BSE Sensex and S&P CNX Nifty hit their highest level in nearly 17 months at the onset of the trading session today.

The BSE 30-share Sensex was down 35.91 points or 0.21% to 17,195.20. The Sensex rose 119.28 points at the day's high of 17,350.39 in early trade, its highest level since 20 May 2008. The S&P CNX Nifty was down 6.85 points or 0.13% to 5,111.35. It hit a high of 5152.25 in early trade, its highest level since 20 May 2008.

On the economic front, inflation based on the wholesale price index (WPI) rose 0.92% in 12 months to 3 October 2009, slightly above previous week's annual rise of 0.7%, data released by the government at 12:00 IST today showed. Within the WPI, the food articles index rose 13.34%. Meanwhile, the government revised upwards inflation for the year through 8 August 2009 to a much smaller decline of 0.37% from an estimated fall of 1.53%.

Elsewhere, Malaysia's Kula Lumpur Composite index closed flat at 1246.86 while stock markets in Indonesia’s Jakarta Composite index ended the day higher at 2515.38.

In other regional market, European shares rose modestly to record another fresh annual high on Thursday, as investors picked up on optimism from across the Atlantic after the Dow Jones Industrial Average closed over 10,000 for the first time in a year. On a regional level, the German DAX index was trading lower by 0.28% at 5,838, the French CAC-40 index was also flat at 3,885 while the U.K. FTSE 100 index lost 0.3% at 5,242 amid some pressure for mining firms.

Sensex slides 36 points, losses stem

After two straight days of gains the Sensex lost steam and remained volatile in today's trade, despite positive cues from the Asian and US markets. The US and European markets on Wednesday closed higher by over 1.5% each, while the Asian indices ended the day with decent gains in the range of 0.14-1.77%. The Sensex ignored the positive global cues and ended the day with a marginal loss of 36 points or 21 basis points. However, in today's trade, European indices (FTSE 100) were trading lower at 5246 that is about 10 points below its previous closing which made the Sensex slide further during the course of the day and hit the low of 17092.

It was a day full of contrast with volatility written all over it, as the Sensex that opened at 17274, 43 points higher over previous closing, ended the day with marginal loss. The bellwether during the day went to hit the high of 17350, however it wasn't able to sustain that level and witnessed high volatility to close below its previous close. The stronger rupee brought selling in the export driven sectors, where information technology (IT) stocks fell the most. At the closing bell, the Sensex traded at 17195 with marginal loss of 36 points, while Nifty fell by 9 points to end the day at 5109. The Singapore Nifty closed 8 points lower to its previous days closing settlement price. The market breadth was fairly positive as out of the 2,836 stocks traded on the BSE, 1,401 stocks advanced, whereas 1,357 stocks declined. Seventy eight stocks ended unchanged.

Among the sectoral indices, the BSE metal surged the most with gains of 1.72%, followed by the BSE Bankex that rose by 1.58%, while the BSE Power and the BSE PSU jumped by more than 0.49% and 0.47% respectively. Among the sectoral losers, the BSE TECk fell the most with loss of 1.54%, while the BSE IT, BSE HC and BSE CD lost over 1% each. On the stocks front, Sun TV Network topped the gainers list on the BSE and surged the most by 11.04% to Rs361.10, followed by EIH that rose by 7.24% to Rs136.25 and United Spirits that jumped by 7.13%. Banks like Yes Bank and Bank Of India rose by over 6% each. Even Jindal Steel & Power, GlaxoSmithkline Consumer Healthcare and Indiabulls Real Estate ended the day with gains of over 5% each. Among losers, Bharti Airtel fell the most by 4.21% to Rs325.10, followed by Sun Pharmaceutical Industries, Hindustan Construction Company, Reliance Infrastructure, Bajaj Auto and Divi's Lab that declined by over 3% each.

On turnover front, Over 1.45 crore shares of Suzlon Energy changed hands on the BSE followed by Ispat Industries (1.32 crore shares), Unitech (1.16 crore shares), IFCI (1.01 crore shares) and Reliance Communications (0.66 crore shares).

Post Session Commentary - Oct 15 2009

Indian market today erased all opening gains to close the volatile session on flat note backed by profit booking after two days rally. Rise in rupee that led fall in export-focused outsourcers, along with huge sell off in IT stocks also contributed to the weak sentiments. Besides, benchmark indices struggled to make headway with fall in European markets after positive opening. However, market touched new 17-month high during initial trading on favorable global cues. Meanwhile, Inflation for the week ended 3rd October stood at 0.92% as against 0.7% of the previous week. BSE Sensex ended around 17,200 level along with NSE Nifty closed below 5,150 level.

The market opened on pleasant note today tracking firm global cues. Asian stocks were higher today and the US stock market closed spectacularly upon Wednesday by strong set of earnings from couple of industry bellwethers and continued weakness in US dollar against major currencies. Strong results from JPMorgan Chase & Co and Intel Corp also bolstered analysts'' optimism over the earnings season that is picking up pace. The Dow broke through the 10,000 mark for the first time since last October mainly due to better-than-expected retail sales. However, benchmark indices slipped soon after start and turned volatile, as investors booked profits at every sharp rise in prices. Further, stocks continued to exhibit weakness on selling pressure emerged in key stocks. During last trading hours market tried to recover and closed marginally below the dotted line. From the sectoral front, Teck, IT, Pharma and Consumer Durable stocks witnessed most of the selling from these baskets. However, Metal, Bank and Power stocks were able to gain favour from the market. Broader market indices also remained on buyer’s radar.

Among the Sensex pack 18 stocks ended in red territory and 12 in green territory. The market breadth indicating the overall health of the market remained flat as 1401 stocks closed in green while 1357 stocks closed in red and 78 stocks remained unchanged in BSE.

The BSE Sensex marginally lower by 35.91 points or (0.21%) at 17,195.20 and NSE Nifty ended slightly down by 9.35 points or (0.18%) at 5,108.85. BSE Mid Caps and Small Caps closed with gains 36 and 65.88 points at 6,539.23 and 7,630.13 respectively. The BSE Sensex touched intraday high of 17,350.39 and intraday low of 17,092.83.

Losers from the BSE Sensex pack are Bharti Airtel (4.21%), Sun Pharma (3.50%), Reliance Infra (3.40%), Infosys Tech (1.78%), TCS Ltd (1.72%), HUL (1.40%), Wipro Ltd (1.06%), ITC Ltd (1.04%), RCom (1.04%), HDFC (1.01%), M&M Ltd (0.96%) and ONGC Ltd (0.40%).

Gainers from the BSE Sensex pack are SBI (2.69%), Tata Power (1.91%), Sterlite Industries (1.84%), ICICI Bank (1.66%), HDFC Bank (1.32%), NTPC Ltd (1.31%), Tata Steel (0.56%), Maruti Suzuki (0.40%) and Herohonda Motors (0.40%).

Inflation for the week ended 3rd October stood at 0.92% as against 0.7% of the previous week. WPI for all commodities stood at 241.9 up 0.92%. While prices of non-processed food items declined by 1.67% on weekly basis, the rates of such articles were higher by 13.34% compared to the same week last year. Meanwhile, the annual inflation rate was 11.49% during the corresponding week of 2008.

On the global markets front, the Asian markets that opened before the Indian market, ended higher amid expectations of upbeat quarterly earnings figures. Shanghai Composite, Hang Seng, Nikkei 225, Singapore''s Straits and Seoul Composite ended higher by 9.26, 112.60, 178.44, 3.67 and 9.9 points at 2,979.79, 21,999.08, 10,238.65, 2,712.15 and 1,658.99respectively.

European markets, which opened after the Indian market, are trading mixed after positive opening. In Paris the CAC 40 is higher by 2.63 points at 3,885.30, whereas in Frankfurt DAX index is trading slightly down 0.64 points at 5,853.50 and in London FTSE 100 is trading lower by 8.01 points at 5,248.09.

The BSE Teck index lost (1.54%) or 46.53 points at 2,967.39. Losers are Dish TV (4.54%), Bharti Airtel (4.21%), Rolta Ind (2.30%) Infosys Tech (1.78%) and TCS Ltd (1.72%).

The IT index ended down by (1.37%) or 60.98 points at 14,381.53 on strengthening rupee against dollar, as Infosys Tech (1.78%), TCS Ltd (1.72%), Wipro Ltd (1.06%), Tech Mahindra (0.52%) and Moser Bayer (0.49%) ended in red.

The BSE Pharma index ended lower by (1.26%) or 56.85 points 4,465.69. Main losers are Sun Pharma (3.50%), Divis Lab (3.35%), Cipla Ltd (2.89%), Glenmark Pharma (1.95%) and Dr Reddys Lab (1.65%).

The BSE Metal index increased by (1.72%) or 268.6 points at 15,856.43. Gainers are Jindal Steel (5.75%), Hindustan Zinc (3.73%), Gujarat NRE C (2.43%), Steel Authority (2.39%) and Sterlite Industries (1.84%).

The BSE Bank index gained (1.58%) or 160.91 points 10,352.75 on better-than-expected numbers Union Bank (3.92%), Federal Bank (3.17%) and SBI (2.69%).

The BSE Power index closed higher by (0.49%) or 15.56 points at 3,189.68. Gainers are Suzlon Energy (4.33%), GMR Infra (3.46%), GVK Power (2.22%), NHPC (1.98%) and Tata Power (1.91%).

Cairn Ind ended up by 0.30%. The company has completed financing arrangements for $1.6 billion for funding its Rajasthan project. The borrowings are of a long-term nature with tenure of six years. The proceeds from this facility will be used to repay the existing facility of $850 million and to continue to fund the ongoing projects in Rajasthan. Besides, it entered into binding Heads of Terms with PETRONAS International Corporation Ltd, (PICL), the overseas arm of Petrollam Naaional Bsrhad (PETRONAS).

NTPC gained 1.31%. The company had signed a joint venture agreement with state-run Coal India. Joint venture is formed to develop the Brahmini and Chichro Patsimal coal mining blocks in eastern India. The mines will supply coal to NTPC''s projects at Farakka and Kahalgaon.

Polaris Software Lab Ltd advanced by 0.24% on report that the company acquired Chennai-based Laser Soft Infosystems for a consideration of Rs. 52 crore.

Nilkamal Ltd climbed 1.44% after net profit increased significantly 181.8% to Rs. 13.13 crore in Q2 Sep’09 over Q2 Sep’08.

GVK Power & Infrastructure Ltd spurted 2.22% after its board of directors approved a proposal to raise up to Rs. 1,800 crore in one or more tranches.

Gruh Finance Ltd spurted 4.52% after net profit rose 29% to Rs. 10.59 crore in Q2 Sep’09 over Q2 Sep’08.

Parsvnath Developers Ltd lost 3.33%, despite its consolidated net profit jumped 183.7% to Rs. 62.42 crore Q2 Sep’09 over Q2 Sep’08.

BSE Bulk Deals to Watch - Oct 15 2009

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
15/10/2009 531897 ACCENT TECH SUNDARIYER B 75000 127.50
15/10/2009 515055 ANANT RAJ IN COPTHALL MAURITIUS INVESTMENT LIMITED S 2017807 139.18
15/10/2009 512149 AVANCE TECHN CHANDRAKANTB SHAH S 1367993 3.05
15/10/2009 532230 BENGAL TEA F BINA S VORA B 76134 36.79
15/10/2009 531932 C G IMPEX ROHIT SETHI B 63000 7.86
15/10/2009 531932 C G IMPEX VARSHAENNAVINBHAIONI S 77166 7.86
15/10/2009 531337 CHAN GUIDE I ALTRA CLEAN OPERATIONS B 41500 88.34
15/10/2009 531337 CHAN GUIDE I AMI SECURITIES B 31400 88.69
15/10/2009 532839 DISH TV GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD B 2192706 47.40
15/10/2009 500495 ESCORTS LTD. OPG SECURITIES P LTD B 571730 123.14
15/10/2009 500495 ESCORTS LTD. OPG SECURITIES P LTD S 571780 123.25
15/10/2009 533109 EURO MULTI VIJETA BROKING INDIA PRIVATE LIMITED B 331746 63.05
15/10/2009 533109 EURO MULTI KANUDIA CAPITAL AND MANAGEMENT SERVICES PVT LTD B 400000 79.14
15/10/2009 533109 EURO MULTI DEEPAK SHANTILAL CHHEDA B 194718 63.44
15/10/2009 533109 EURO MULTI V P CONSULTANTS PVT LTD B 210497 61.52
15/10/2009 533109 EURO MULTI GENUINE STOCK BROKERS PVT. LTD. B 578873 62.45
15/10/2009 533109 EURO MULTI ANKIT A SHAH B 314150 60.85
15/10/2009 533109 EURO MULTI RIKHAV SECURITIES LTD B 173859 57.01
15/10/2009 533109 EURO MULTI TRANSGLOBAL SECURITIES LTD. B 1034532 62.62
15/10/2009 533109 EURO MULTI EPOCH SYNTHETICS PVT LTD B 256511 54.13
15/10/2009 533109 EURO MULTI MODEX INTERNATIONAL SEC. LTD, B 126517 60.61
15/10/2009 533109 EURO MULTI ARIHANT SEC & INVESTMENT B 1368770 66.09
15/10/2009 533109 EURO MULTI MATRIX EQUITRADE PVT. LTD. B 219522 67.87
15/10/2009 533109 EURO MULTI JAYPEE CAPITAL SERVICES LIMITED B 129713 69.89
15/10/2009 533109 EURO MULTI MARWADI SHARES AND FINANCE LTD. B 261564 63.02
15/10/2009 533109 EURO MULTI SANJEEVSINGHAL B 258607 66.12
15/10/2009 533109 EURO MULTI OPG SECURITIES P LTD B 1796912 67.48
15/10/2009 533109 EURO MULTI MANSUKH STOCKS BROKERS LTD. B 164158 60.67
15/10/2009 533109 EURO MULTI MANSUKH SECURITIES & FINANCE LTD B 127352 60.48
15/10/2009 533109 EURO MULTI ANJANA SINGH B 149457 61.96
15/10/2009 533109 EURO MULTI R.M.SHARES TRADING PVT.LTD B 409413 64.80
15/10/2009 533109 EURO MULTI PRABHUDAS LILLADHER P LTD. B 152507 69.94
15/10/2009 533109 EURO MULTI JMP SECURITIES PVT LTD B 135219 62.05
15/10/2009 533109 EURO MULTI UNIQUE COMMODITIES LIMITED B 290000 79.71
15/10/2009 533109 EURO MULTI DRB SECURITIES PVT LTD B 200100 77.81
15/10/2009 533109 EURO MULTI NAVEEN TAPARIA B 231512 62.94
15/10/2009 533109 EURO MULTI BHAVISH DHIRAJLAL KHAKHKHAR B 202086 68.48
15/10/2009 533109 EURO MULTI VIJETA BROKING INDIA PRIVATE LIMITED S 331746 64.51
15/10/2009 533109 EURO MULTI KANUDIA CAPITAL AND MANAGEMENT SERVICES PVT LTD S 389000 54.17
15/10/2009 533109 EURO MULTI DEEPAK SHANTILAL CHHEDA S 194718 63.48
15/10/2009 533109 EURO MULTI V P CONSULTANTS PVT LTD S 210497 61.64
15/10/2009 533109 EURO MULTI GENUINE STOCK BROKERS PVT. LTD. S 578873 62.58
15/10/2009 533109 EURO MULTI ANKIT A SHAH S 314150 61.67
15/10/2009 533109 EURO MULTI TRANSGLOBAL SECURITIES LTD. S 1033532 63.72
15/10/2009 533109 EURO MULTI MODEX INTERNATIONAL SEC. LTD, S 126517 60.89
15/10/2009 533109 EURO MULTI ARIHANT SEC & INVESTMENT S 1367770 63.58
15/10/2009 533109 EURO MULTI MATRIX EQUITRADE PVT. LTD. S 219522 67.56
15/10/2009 533109 EURO MULTI JAYPEE CAPITAL SERVICES LIMITED S 129713 73.11
15/10/2009 533109 EURO MULTI MARWADI SHARES AND FINANCE LTD. S 261564 63.50
15/10/2009 533109 EURO MULTI SANJEEVSINGHAL S 258607 66.22
15/10/2009 533109 EURO MULTI OPG SECURITIES P LTD S 1796912 67.39
15/10/2009 533109 EURO MULTI MANSUKH STOCKS BROKERS LTD. S 164158 60.68
15/10/2009 533109 EURO MULTI MANSUKH SECURITIES & FINANCE LTD S 127352 60.60
15/10/2009 533109 EURO MULTI ANJANA SINGH S 149457 62.54
15/10/2009 533109 EURO MULTI R.M.SHARES TRADING PVT.LTD S 409413 66.26
15/10/2009 533109 EURO MULTI PRABHUDAS LILLADHER P LTD. S 152507 69.84
15/10/2009 533109 EURO MULTI JMP SECURITIES PVT LTD S 129611 62.37
15/10/2009 533109 EURO MULTI CREDO FUND MANAGMENT LTD A/C CREDO INDIA THEMATIC FUND LTD S 400000 80.00
15/10/2009 533109 EURO MULTI DRB SECURITIES PVT LTD S 200100 56.68
15/10/2009 533109 EURO MULTI STANDARD CHARTERED BANK (MAURITIUS) LIMITED A/C EMERGING IND S 200000 80.00
15/10/2009 533109 EURO MULTI DEEPAKPOPATLALVORA S 128679 61.73
15/10/2009 533109 EURO MULTI NAVEEN TAPARIA S 231512 63.57
15/10/2009 533109 EURO MULTI INDIA MAX INVESTMENT FUND LTD S 274269 79.00
15/10/2009 533109 EURO MULTI BHAVISH DHIRAJLAL KHAKHKHAR S 202086 67.97
15/10/2009 532666 FCS SOFTWARE TRANSGLOBAL SECURITIES LTD. B 774708 13.75
15/10/2009 532666 FCS SOFTWARE PRAKASHBHAINARSINHBHAIPATEL B 1188732 13.83
15/10/2009 532666 FCS SOFTWARE TRANSGLOBAL SECURITIES LTD. S 773708 13.81
15/10/2009 532666 FCS SOFTWARE PRAKASHBHAINARSINHBHAIPATEL S 929236 13.85
15/10/2009 508918 GREYCELLS EN PRIME BROKING COMPANY (INDIA) LIMITED - PWM B 22000 62.69
15/10/2009 508918 GREYCELLS EN NEETA TULSIDAS GOYAL B 25000 64.99
15/10/2009 508918 GREYCELLS EN INDIA MAX INVESTMENT FUND LTD B 69900 61.00
15/10/2009 508918 GREYCELLS EN VINAYAK NARAYAN POI S 101884 62.05
15/10/2009 524314 GUJRAT TERCE SETU SECURITIES PVT LTD S 30001 11.99
15/10/2009 504786 INV PRECIS C VINODRAHEJAP B 31972 114.30
15/10/2009 504786 INV PRECIS C VINODRAHEJAP S 34469 115.37
15/10/2009 506522 J L MORISO I RATNABALI CAPITAL MARKETS LIMITED B 29348 391.30
15/10/2009 506522 J L MORISO I JAIDEEPHALWASIYA S 29123 391.30
15/10/2009 511131 KAMAN HSG NISHA SUMANJAIN B 151000 54.25
15/10/2009 511131 KAMAN HSG RAMESHJAYANTILALPATEL S 99000 54.29
15/10/2009 531366 KOHINOOR BRO VINOD AMRATLAL NAAI B 661763 8.62
15/10/2009 530273 LIBERTY PHOS RAHULJAIN B 67942 38.46
15/10/2009 530273 LIBERTY PHOS Naman Securities & Finance Pvt. Ltd. B 56129 38.39
15/10/2009 530273 LIBERTY PHOS HITESHSHA SHIKANTJHAVERI S 129626 38.68
15/10/2009 530273 LIBERTY PHOS Naman Securities & Finance Pvt. Ltd. S 56129 38.50
15/10/2009 532796 LUMAX AUTO SANJIV KANWAL CHAINANI S 100000 50.40
15/10/2009 531515 MAHAN INDUST JAYESH RAMANLAL MOR HUF S 53000 5.52
15/10/2009 530605 NOVA PETRO CHIRIPAL INDUSTRIES LIMITED S 150000 27.27
15/10/2009 531496 OMKAR OVERSE PRAFULBHAI ASHISHBHAI PATEL B 50000 76.00
15/10/2009 531496 OMKAR OVERSE RAVI VASANTBHAI PAWAR B 50000 76.00
15/10/2009 531496 OMKAR OVERSE AMBIKASHYAMSHUKLA B 36861 73.55
15/10/2009 531496 OMKAR OVERSE VIJAY VELJIBHAI PADHARIA B 45000 73.55
15/10/2009 531496 OMKAR OVERSE RAVI VASANTBHAI PAWAR S 40419 76.40
15/10/2009 531496 OMKAR OVERSE AMBIKASHYAM SHUKLA S 33832 76.00
15/10/2009 531496 OMKAR OVERSE CHAMPALAL GOPIRAM AGARWAL S 100000 73.55
15/10/2009 531496 OMKAR OVERSE VIJAY VELJIBHAI PADHARIA S 45000 76.00
15/10/2009 526247 PREM EXPLOSI GANDHI SECURITIES & INVESTMENT PVT LTD B 41000 79.80
15/10/2009 524037 RAMA PHOS LT BHAVESHPATADIA B 29857 24.85
15/10/2009 590077 RANKLIN SOLU SATYANARAYANA VARAPRASAD GARIKIPATY S 26700 36.88
15/10/2009 531901 SAARC NET GOVIND SHARDA B 681500 2.30
15/10/2009 531901 SAARC NET DIGVIJAY DHABRIYA S 458000 2.30
15/10/2009 506172 SAMPADA CHEM DEEPAK RAMNIKLAL SHAH B 25000 33.20
15/10/2009 506172 SAMPADA CHEM SHREE SATYANARAIN PROPERTIES PRIVATE LTD S 120000 33.51
15/10/2009 533110 SH PRECOTED MAHALAXMI BROKERAGE (INDIA) PRIVATE LIMITED B 477028 24.32
15/10/2009 533110 SH PRECOTED TRANSGLOBAL SECURITIES LTD. B 684292 23.13
15/10/2009 533110 SH PRECOTED OPG SECURITIES P LTD B 1204388 23.94
15/10/2009 533110 SH PRECOTED RUSHABH INVESTMENT PVT LTD B 700000 24.59
15/10/2009 533110 SH PRECOTED JMP SECURITIES PVT LTD B 627042 26.39
15/10/2009 533110 SH PRECOTED AMRIT AND COMPANY B 787561 27.58
15/10/2009 533110 SH PRECOTED MAHALAXMI BROKERAGE (INDIA) PRIVATE LIMITED S 477028 24.19
15/10/2009 533110 SH PRECOTED TRANSGLOBAL SECURITIES LTD. S 684292 23.23
15/10/2009 533110 SH PRECOTED SHANTILAL NAGARDAS TURKHIA S 443002 23.94
15/10/2009 533110 SH PRECOTED OPG SECURITIES P LTD S 1204388 24.03
15/10/2009 533110 SH PRECOTED RUSHABH INVESTMENT PVT LTD S 700000 25.52
15/10/2009 533110 SH PRECOTED JMP SECURITIES PVT LTD S 597042 26.96
15/10/2009 533110 SH PRECOTED MANOJNANALAL TURAKHIA S 543585 15.60
15/10/2009 533110 SH PRECOTED AMRIT AND COMPANY S 787561 24.08
15/10/2009 531693 SHR GANE SPI SHARMISHT HAMAHENDRA SHAH B 30000 31.50
15/10/2009 500389 SILVERLINE T ANGEL INFIN PRIVATE LIMITED B 1061000 7.22
15/10/2009 500389 SILVERLINE T JMP SECURITIES PVT LTD B 1409265 6.84
15/10/2009 500389 SILVERLINE T ANGEL INFIN PRIVATE LIMITED S 669350 7.14
15/10/2009 500389 SILVERLINE T JMP SECURITIES PVT LTD S 929265 6.73
15/10/2009 500389 SILVERLINE T COPTHALL MAURITIUS INVESTMENT LIMITED S 1870000 6.94
15/10/2009 532887 SUJANATOWER EUREKA CREDIT FINANCE PRIVATE LIMITED B 276000 50.13
15/10/2009 526133 SUPERTEX IND HARISHRATILAL SHAH B 635181 4.43
15/10/2009 526133 SUPERTEX IND HARISHRATILAL SHAH S 635181 4.42
15/10/2009 526133 SUPERTEX IND RESHMANAYANSHAH S 498000 4.41
15/10/2009 532917 VARUN INDS HITESHSHA SHIKANTJHAVERI B 176797 182.91
15/10/2009 532917 VARUN INDS HITESHSHA SHIKANTJHAVERI S 138543 182.55
15/10/2009 503657 VEER ENERGY AANGI SHARES & SERVICES PVT. LTD. S 402042 15.74
15/10/2009 503657 VEER ENERGY PRAKASHBHAINARSINHBHAIPATEL S 312166 16.27
15/10/2009 531249 WELL PACK PA PANDYA YAMINIBEN M B 29354 271.54
15/10/2009 531249 WELL PACK PA BUNIYAD CHEMICALS LTD S 27000 271.26

NSE Bulk Deals to Watch - Oct 15 2009

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
15-OCT-2009,DEWANHOUS,Dewan Housing Fin Corp,HAMON ASSET MANAGEMENT LIMITED A/C ASIAN MARKET LEADERS FU,BUY,450000,199.32,-
15-OCT-2009,DISHMAN,DISHMAN PHARMA & CHEM LTD,BIRLA SUN LIFE INSURANCE COMPANY LIMITED,BUY,435150,230.53,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,ARIHANT SEC & INVESTMENT,BUY,956114,57.96,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,147245,61.20,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,AVNI A.KORADIA,BUY,150000,62.41,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BHAVIN SURESH CHHEDA,BUY,130332,62.50,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BHAVISH DHIRAJLAL KHAKHKHAR,BUY,412396,57.46,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BP FINTRADE PRIVATE LIMITED,BUY,174657,73.68,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,CPR CAPITAL SERVICES LTD.,BUY,430894,61.04,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,DINESH MUNJAL(HUF),BUY,270905,61.32,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,FACTS SHARE & STOCK BROKING PVT. LTD.,BUY,145492,62.14,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,477136,63.95,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,HARBUX SINGH SIDHU,BUY,384424,58.54,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,667021,69.09,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,KORP SECURITIES LTD,BUY,191700,61.74,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,304953,65.44,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MANSUKH SECURITIES & FINANCE LIMITED,BUY,286384,60.07,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,253634,61.72,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MODEX INTERNATIONAL SECURITIES LTD.,BUY,125022,59.85,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,PRABHUDAS LILLADHER PVT. LTD.,BUY,175012,72.70,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,R.M. SHARE TRADING PVT LTD,BUY,400674,66.93,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,RIKHAV SECURITIES LIMITED,BUY,54349,58.28,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TANDON VINOD MURLIDHAR,BUY,245841,64.61,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,1006488,64.02,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TRIPTI SINGHVI,BUY,316878,62.00,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VAIBHAV DOSHI,BUY,434087,65.67,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VASANTI SHARE BROKERS LIMITED,BUY,187679,64.95,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,BUY,392540,66.82,-
15-OCT-2009,FCSSOFT,FCS Software Solutions Li,AANGI SHARES & SERVICES PVT. LTD,BUY,883765,13.99,-
15-OCT-2009,FCSSOFT,FCS Software Solutions Li,TRANSGLOBAL SECURITIES LTD.,BUY,974165,13.88,-
15-OCT-2009,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,14364871,23.86,-
15-OCT-2009,LUMAXTECH,Lumax Auto Technologies L,PRIMORE SOLUTIONS PVT.LTD,BUY,99858,50.75,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,PASHUPATI CAPITAL SERVICES PVT. LTD.,BUY,434773,23.80,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,BUY,501039,24.46,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,TRANSGLOBAL SECURITIES LTD.,BUY,893475,24.37,-
15-OCT-2009,TELEDATAIT,Teledata Technology Solut,SETU SECURITIES LTD,BUY,943015,7.69,-
15-OCT-2009,ANANTRAJ,Anant Raj Industries Limi,CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL CODE,SELL,1979000,141.77,-
15-OCT-2009,ANANTRAJ,Anant Raj Industries Limi,Copthall Mauritius Investment Ltd,SELL,1542372,141.22,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,ARIHANT SEC & INVESTMENT,SELL,956114,56.78,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,147245,61.09,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,AVNI A.KORADIA,SELL,150000,59.83,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BHAVIN SURESH CHHEDA,SELL,124332,62.43,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BHAVISH DHIRAJLAL KHAKHKHAR,SELL,412396,58.76,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,BP FINTRADE PRIVATE LIMITED,SELL,174657,73.33,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,CPR CAPITAL SERVICES LTD.,SELL,430894,61.02,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,CREDO FUND MANAGMENT LTD A/C CREDO INDIA THEMATIC FUND LTD,SELL,386668,80.00,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,DINESH MUNJAL(HUF),SELL,270905,61.14,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,EMERGING INDIA FOCUS FUNDS,SELL,200000,80.00,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,FACTS SHARE & STOCK BROKING PVT. LTD.,SELL,145492,61.63,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,477136,63.77,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,HARBUX SINGH SIDHU,SELL,384424,58.43,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,INDIA MAX INVESTMENT FUND LTD,SELL,274270,78.80,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,667021,69.00,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,KORP SECURITIES LTD,SELL,191700,62.44,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,298953,65.52,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MANSUKH SECURITIES & FINANCE LIMITED,SELL,286384,60.06,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,253634,61.25,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,MODEX INTERNATIONAL SECURITIES LTD.,SELL,125022,59.62,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,PRABHUDAS LILLADHER PVT. LTD.,SELL,175012,72.19,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,R.M. SHARE TRADING PVT LTD,SELL,400674,65.44,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,RIKHAV SECURITIES LIMITED,SELL,162426,55.88,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TANDON VINOD MURLIDHAR,SELL,250841,65.29,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TEJAL MERCHANTILE PRIVATE LIMITED,SELL,346819,54.88,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,1005488,62.92,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,TRIPTI SINGHVI,SELL,316878,64.48,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VAIBHAV DOSHI,SELL,434087,65.31,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VASANTI SHARE BROKERS LIMITED,SELL,187679,64.55,-
15-OCT-2009,EUROMULTI,Euro Multivision Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,SELL,392540,65.72,-
15-OCT-2009,FCSSOFT,FCS Software Solutions Li,AANGI SHARES & SERVICES PVT. LTD,SELL,883765,13.95,-
15-OCT-2009,FCSSOFT,FCS Software Solutions Li,TRANSGLOBAL SECURITIES LTD.,SELL,974165,13.86,-
15-OCT-2009,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,14093007,23.85,-
15-OCT-2009,LUMAXTECH,Lumax Auto Technologies L,SANJIV KANWAL CHAINANI,SELL,133808,50.75,-
15-OCT-2009,NOVAPETRO,Nova Petrochem Limited,CHIRIPAL INDUSTRIES LIMITED,SELL,150000,27.33,-
15-OCT-2009,OUDHSUG,The Oudh Sugar Mills Ltd,NEW INDIA RETAILING & INVESTMENT LIMITED,SELL,125000,71.79,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,PASHUPATI CAPITAL SERVICES PVT. LTD.,SELL,434773,23.54,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,SELL,501039,24.07,-
15-OCT-2009,SHPRE,Shree Precoated Steels Lt,TRANSGLOBAL SECURITIES LTD.,SELL,890500,24.30,-
15-OCT-2009,TELEDATAIT,Teledata Technology Solut,SETU SECURITIES LTD,SELL,1075129,7.66,-
15-OCT-2009,XLTELENE,XL Telecom & Energy Ltd,SANSAR CAPITAL (MAURITIUS) LIMITED,SELL,99400,43.65,-

Small-cap, mid-cap indices nudge higher

Stock-specific buying continued even as the key benchmark indices edged lower in what was a choppy trading session. The BSE 30-share Sensex fell 35.91 points or 0.21%, off close to 155 points from the day's high and up close to 100 points from the day's low. The Sensex and S&P CNX Nifty hit their highest level in nearly 17 months at the onset of the trading session today, 15 October 2009.

IT stocks faltered on a firm rupee. Index heavyweight Reliance Industries fell after a firm start. In contrast, another index heavyweight Larsen & Toubro cut intraday losses. FMCG, telecom stocks fell. But metal and banking stocks rose. The market breadth was marginally positive.

Intraday volatility was high. The market pared gains soon after an initial surged triggered by a strong rally in US stocks on Wednesday. The Dow Jones Industrial Average pushed above 10,000 for the first time in a year on better-than-expected reports from Intel and JPMorgan Chase. The market slipped into the red shortly. The market recovered after hitting a fresh intraday low in mid-morning trade.

The market slumped in afternoon trade with the Sensex hitting a fresh intraday low. The market cut losses amid volatile trade later.

As per provisional data, foreign funds today, 15 October 2009, bought equities worth a net Rs 752.48 crore. Domestic funds dumped stocks worth a net Rs 443.08 crore

The Sensex had risen 588.45 points or 3.53% in two trading sessions to 17,231.11 on Wednesday, 14 October 2009 from 16,642.66 on 9 October 2009, boosted by firm global stocks.

With foreign funds making heavy purchases, the Sensex is up 7,547.89 points or 78.23% in calendar year 2009 as on 15 October 2009. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex is up 9034.80 points or 110.71% as on 15 October 2009. FII inflow in the calendar year 2009 totaled Rs 64545.60 crore (till 14 October 2009).

Inflation based on the wholesale price index (WPI) rose 0.92% in 12 months to 3 October 2009, slightly above previous week's annual rise of 0.7%, data released by the government at 12:00 IST today showed. Within the WPI, the food articles index rose 13.34%. Meanwhile, the government revised upwards inflation for the year through 8 August 2009 to a much smaller decline of 0.37% from an estimated fall of 1.53%.

C. Rangarajan, chairman of the prime minister's Economic Advisory Council said on Wednesday the Reserve Bank of India is likely to hold interest rates at a near decade-low in its policy review this month and the monetary stance can continue until inflationary pressures rise. Robust industrial growth could offset the impact of a 2 to 2.5% contraction in farm output due to weak monsoon, and help the economy grow between 6 and 6.5% in 2009/10, Rangarajan said.

Faster industrial output growth and rising inflationary pressures have strengthened case for an end to the RBI's accommodative monetary stance next year. Industrial output grew at its fastest pace in 22 months in August at 10.4 %.

Meanwhile, the IPO of Indiabulls Power was subscribed 21.83 times at 17:00 IST on last day of the issue today. Indiabulls Power, a unit of Mumbai-based developer Indiabulls Real Estate, is developing five thermal power plants in western and central India, with total capacity of 6,600 megawatts, and will use the issue proceeds to fund two projects. The issue closes on Thursday, 15 October 2009.

The company has allotted 6.11 crore shares to anchor investors at Rs 45 per shares, at the top end of the Rs 40 to Rs 45 price band for the IPO.

Stock and sector-specific activity may dominate trade in the coming days based on expectations on Q2 September 2009 results. Auto firms are seen reporting strong Q2 results on strong volume growth and on lower input costs. Lower interest rates and pay hike for government employees has boosted auto sales this year after last year's slowdown in demand. Government employees have started receiving the balance 60% of their wage arrears as per the recommendations of the VIth Pay Commission.

Cement firms, too, are seen reporting good Q2 numbers on the back of volume growth, higher realisation and decline in costs like imported coal. Metal firms are seen reporting fall in net profit due to a sharp fall in metal prices on year-on-year basis.

Fall in volumes in the commercial property segment and lower realisations in both commercial and residential property segments, will pull earnings of realty firms lower.

Banks are seen reporting a sedate growth in core lending amid sluggish credit offtake. On the flip side, PSU banks will benefit from treasury gains amid volatility in prices of government securities during the quarter.

Strong growth in new subscriber additions will aid topline growth of telecom firms. But falling average revenue per user (ARPU) and revenue per minute due to intense competition will cap bottom line growth.

European shares fell in volatile trade after after Citigroup reported a third-quarter loss of 27 cents a share. Key benchmark indices in France, UK and Germany were down by between 0.01% to 0.3%.

Asian stocks advanced for a third day on Thursday after US invsetment bank J P Morgan's third quarter earnings topped estimates and South Korean steel giant Posco raised its profit forecast. Key benchmark indices in China, Hong Kong, Japan, South Korea, Singapore and Taiwan were up by between 0.14% to 1.77%.

The Bank of Japan said Thursday the economy has started to pick up and economic conditions in the nation are likely to improve gradually. The BOJ also said that while the overnight call rate has remained at an extremely low level and funding costs for firms have been more or less unchanged at low levels, the "stimulative effects from low interest rates have been limited given the low level of economic activity and corporate profits." The BOJ voted Wednesday to leave its rates steady at 0.1%.

Lending by Chinese banks totaled 516.7 billion yuan ($75.68 billion) in September 2009, accelerating from 410.5 billion yuan in new loans issued in August 2009, according to data released Wednesday by the People's Bank of China. The new lending brings total loans issued in the first nine months of the year to 8.65 trillion yuan ($1.27 trillion), a rise of 149.1% on year.

Trading in US index futures indicated the Dow could slide 44 points at the opening bell on Thursday, 15 October 2009.

US markets rallied and the Dow broke through the 10,000 mark for the first time since last October on Wednesday bolstered by strong earnings from JP Morgan. The S&P 500 & Nasdaq were also at new 2009 highs. Banks surged on the back of JP Morgan's earnings. The Dow gained 144.80 points, or 1.5%, to 10,015.86. The S&P 500 index added 18.83 points, or 1.8%, to 1,092.02. The Nasdaq Composite Index rose 32.34 points, or 1.5%, to 2,172.23.

JP Morgan's third quarter profit beat expectations. The bank's earning per share stood at 82 cents a share, up from 9 cents a share in the same quarter a year ago. The bank's net revenue was 7.5 billion dollar, an increase of 85% from last year.

A government report showed US retail sales, excluding auto purchases, rose for a second month. The data offered cautious optimism that spending could help support the economy as it struggles out of recession.

Back home, a section of the market is concerned that a glut in share sales may suck liquidity from the secondary market. As per reports, 30 companies have filed their draft red herring prospectuses in September 2009 with market regulator Securities & Exchange Board of India (Sebi) for raising funds through initial public offering.

The corporate sector has raised large sums of money through equity and equity related instruments in the past six months or so to either to retire high cost debt or to fund expansion. The supply of paper by Indian firms appear limitless, raising concerns that additional share sales will suck liquidity from the secondary market.

As per one report, companies plan to raise over Rs 50,000 crore through initial public offers (IPOs), follow-up public offers, divestment of stake sale in the second half of the current financial year. Reliance Infratel also announced on 22 September 2009, its intention to raise Rs 5,000 crore from the primary market. A number of companies are also in the fray to raise funds by way of qualified institutional placement (QIP), reports suggest.

Divestment of state-run firms by the government may also increase the supply of paper in the market. As per recent reports, the government is planning to announce a blueprint for selling its stake in state-owned firms in the first week of October 2009. The policy is expected to suggest how the government will eventually bring down its stake in public sector companies to 75% over a period of time.

The BSE 30-share Sensex fell 35.91 points or 0.21% to 17,195.20. The Sensex rose 119.28 points at the day's high of 17,350.39 in early trade, its highest level since 20 May 2008. The barometer index fell 138.28 points at the day's low of 17,092.83 in mid-afternoon trade.

The S&P CNX Nifty fell 9.35 points or 0.18% to 5,108.85. It hit a high of 5152.25 in early trade, its highest level since 20 May 2008. Nifty October 2009 futures were at 5,112.30, at a premium of 3.45 points as compared to the spot closing of 5,108.85. Turnover in NSE's futures & options (F&O) segment surged to Rs 71,611.55 crore from Rs 65,953.48 crore on Wednesday, 14 October 2009.

BSE clocked a turnover of Rs 6325 crore, lower than Rs 6895.35 crore on Wednesday, 14 October 2009.

The market breadth, indicating the overall health of the market was marginally positive. The breadth was strong at the onset of the trading session. On BSE, 1,394 shares advanced as compared with 1,358 that declined. A total of 77 shares remained unchanged.

Among the 30-member Sensex pack, 18 fell while the rest rose.

The BSE Mid-Cap index rose 0.55% and the BSE Small-Cap index rose 0.87%. Both the indices outperformed the Sensex.

From a low of 2553.49 on 9 March 2009, the BSE Mid-Cap index has jumped 3985.74 points or 156%. The BSE Small-Cap index has risen 4763.45 points or 166.16% from a low of 2866.68 on 9 March 2009.

Coming back to today's trade, sectoral indices on BSE displayed mixed trend. The BSE Metal index (up 1.72%), the BSE Bankex (up 1.58%), the BSE Power index (up 0.49%), the BSE PSU index (up 0.47%), the BSE Realty index (up 0.39%), the BSE Auto index (up 0.14%), the BSE Capital Goods index (up 0.09%), outperformed the Sensex.

The BSE Teck index (down 1.54%), the BSE IT index (down 1.37%), the BSE Healthcare index (down 1.27%), the BSE Consumer Durables index (down 1.1%), the BSE FMCG index (down 0.6%), the BSE Oil & Gas index (down 0.22%), underperformed the Sensex.

India's largest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) fell 0.31% to Rs 2,171.40. The stock came off from the day's high of Rs 2,222. RIL is in advanced talks to acquire refinery and petrochemical units in the US and Europe and could finalise a deal by end-2009, Maurice Bannayan, senior vice president at Reliance Industries said on Wednesday.

Anil Dhirubali Ambani group (ADAG) Chairman Anil Ambani called on Sunday, 11 October 2009, for a renewed effort to end a bitter feud with his brother Mukesh Ambani triggered by the carve-up of up a vast family business stretching from energy to telecommunications and financial services.

Anil Ambani said in a statement he believed "all disagreements can be sorted out in a constructive, cordial and conciliatory manner", and called for "a generous heart, a willing mind and accommodating spirit to resolve issues".

Their latest dispute is over a deal for Mukesh Ambani's Reliance Industries to sell gas to Anil Ambani's Reliance Natural Resources (RNRL) at below-market rates as agreed in a 2005 family settlement to divide the business following their father's death in 2002. The dispute has landed in the Supreme Court (SC). Anil Ambani said on Sunday the contentious gas dispute is a large national issue and can only be resolved through the SC.

Reliance Industries (RIL) said it welcomes Anil Ambani's call to make a renewed effort to "resolve, reconcile and reciprocate" and said it hopes that it is a positive change in the negative, calumnious and malafide campaign launched by ADAG against RIL.

RIL, last week, announced liberal 1:1 bonus issue. Both the bonus and the dividend are applicable to shareholders of the erstwhile Reliance Petroleum, which has been merged with RIL. Meanwhile, a sharp year on year fall in refining margins will weight on Q2 September 2009 results of RIL.

Oil exploration stocks were mixed as oil slipped after touching its highest in a year. US industry data on Wednesday showed a surprise fall in crude stockpiles, suggesting that demand in the world's top oil consumer is recovering. Rise in crude oil prices would result in higher realizations from crude sales for oil exploration firms.

Cairn India rose 0.3%. Cairn India, a unit of Cairn Energy, won 2 offshore blocks in the auction. Cairn India, has secured loans worth $1.6 billion to fund its project in the western state of Rajasthan, potentially helping it accelerate development of its oilfields in the region. But, India's second biggest state-run oil exploration firm by revenue Oil India fell 0.77%. Oil India won 5 offshore blocks in the auction.

India's biggest state-run oil exploration firm by revenue Oil & Natural Gas Corporation (ONGC) fell 0.4%. ONGC has bagged over a third of the 70 blocks offered under the government's eighth New Exploration Licensing Policy (NELP 8), amid luke-warm response towards the bidding round. ONGC bid for 25 blocks and was awarded 11 offshore and two onshore concessions.

Nearly half of 70 blocks offered under NELP 8 found no bidder, with 76 bids submitted for 36 exploration blocks, D.N. Narasimha Raju, joint secretary in the oil ministry said on Monday.

PSU OMCs fell as higher crude oil prices will increase under-recoveries on domestic sale of petrol, diesel, kerosene and LPG at controlled prices. HPCL, BPCL and Indian Oil Corporation (IOC) fell by between 0.65% to 2.16%.

Crude oil for November delivery fell 0.37% to $74.91 a barrel on the New York Mercantile Exchange.

IT stocks fell on a stronger rupee. IT bellwether Infosys Technologies fell 1.78% even as its ADR rose 2.77% on Wednesday. Infosys raised its earnings and revenue guidance in both dollar and rupee terms for the year ending March 2010 (FY 2010) at the time of announcing Q2 September 2009 results before trading hour on Friday, 9 October 2009.

Infosys, however, said strengthening rupee is a big concern for its earnings. The Indian rupee rose to its highest in more than a year as the dollar weakened in global markets. The partially convertible rupee was at 46.09 per dollar stronger than 46.13/14 per dollar on Wednesday. A stronger rupee negatively impacts operating margins of IT firms as the sector earns a lion's share of revenue from exports.

India's largest software services exporter TCS fell 1.72%. A total of ten brokerages expect a between 6.8% fall to a 4.9% growth in TCS' consolidated net profit as per US accounting standards at between Rs 1416.30 crore to Rs 1595.40 crore in Q2 September 2009 over Q1 June 2009. Their expectations peg a between 0.4% to 3.8% growth in revenue at between Rs 7237.70 crore to Rs 7478.40 crore in Q2 September 2009 over Q1 June 2009. TCS unveils Q2 results on Friday, 16 October 2009.

India's third largest software services exporter Wipro fell 1.06% even as its ADR rose 3.64% on Wednesday.

Metal stocks rose after a gauge of six metals traded on the London Metal Exchange rose 0.9% on Wednesday, 14 October 2009. India's largest private sector steel maker by sales Tata Steel rose 0.56%. The company's domestic steel sales rose 19% in July-September 2009 quarter to 1.46 million tonnes from a year earlier. Domestic operations account for about a quarter of the group's total annual global capacity of 30 million tonnes, which includes unit Corus, Europe's second-largest steelmaker.

Among other metal stocks, Hindustan Zinc, Jindal Steel & Power, Sterlite Industries rose by between 1.84% to 5.75%.

Steel Authority of India rose 2.39% on recent reports the company is considering buying coking coal mines in Australia, Indonesia and Mozambique with an Indian government joint venture.

Bank stocks rose on better than expected result by J P Morgan. India's largest bank by net profit and branch network State Bank of India rose 2.69%. Among other PSU banks, Bank of India, Punjab National Bank, Union Bank of India, Bank of India and Bank of Baroda, rose by between 0.55% to 6.43%.

India's largest private sector bank by net profit ICICI Bank rose 1.66% after its ADR rose 2.96% on Wednesday. The bank last week reduced auto loan rates by 50 basis points.

India's second largest private sector bank by net profit HDFC Bank rose 1.32%. The bank's net profit rose 30.2% to Rs 687.46 crore in Q2 September 2009 over Q2 September 2008. The results, which hit the market during trading hours on Wednesday, were more or less in line with market expectations.

The central bank will reportedly hike the ceiling on the portion of government securities that banks can park in held-to-maturity (HTM) category. Banks do not have to make any mark-to-market provisions on securities held this basket if prices of securities fall. Provisions have to be made out of profit and therefore, impact a bank's bottom line. Yields on ten-year government bonds have risen sharply this year. Bond prices and bond yields are inversely related.

Indian banks can put bonds equal to 25% of the value of deposits in their HTM accounts. The market expectations is for an increase in the ceiling by up to 2 percentage points, possibly at a quarterly monetary policy review on 27 October 2009.

India's largest dedicated housing finance firm HDFC fell 1.01%. HDFC, after market hours on Monday said net profit rose 24.27% to Rs 663.94 crore in Q2 September 2009 over Q2 September 2008. The results beat market expectations.

Telecom stocks fell on worries falling tariffs and increasing competition will hurt the sector's profitability. India's second largest mobile telecom services provider by sales Reliance Communications (RCom) fell 1.04% in volatile trade. The stock had lost nearly 7% on Wednesday.

As per reports, the Securities and Exchange Board of India (Sebi) has asked for details of the special audit ordered by the Department of Telecommunications ahead of launching an independent investigation on the issue. The audit report by special auditors Parakh & Company had found that RCom, which offers CDMA mobile services and recently launched GSM services, had under-reported revenues for the financial years 2006-07 and 2007-08 that, in turn, impacted licence and spectrum fees it pays the government.

India's largest cellular services provider by sales Bharti Airtel fell 4.21%. Bharti Airtel recently reported 10.32% decline in mobile user addition to 2.52 million mobile users in September 2009 over August 2009. For Bharti, this is the biggest month on month decline since the 22% drop the company saw in March 2005.

Chief Executive Manoj Kohli last week that the company is considering a bid for Millicom's assets in Sri Lanka. Sweden's Millicom has put its mobile operations in Sri Lanka up for sale.

India's largest power equipment maker by sales Bharat Heavy Electricals fell 0.16% on profit taking after a recent strong rally. The company's chairman B.P. Rao today said the company's order book is at Rs 1.3 lakh crore.

India's largest engineering and construction firm by sales Larsen & Toubro rose 0.13% to Rs 1691.50. The stock came off the day's low of Rs 1,666.20. The company on Wednesday announced bagging orders worth Rs 966 crore.

FMCG stocks fell on profit taking. Hindustan Unilever, ITC, Marico and Nestle India fell by between 1.04% to 1.4%.

United Spirits surged 7.13% on reports the company has raised $350 million through a share sale to institutional investors.

Some construction shares fell on profit taking. Valecha Engineering, Jaiprakash Associates, Nagarjuna Construction Company, Gammon India, Valecha Engineering fell by between 0.11% to 3.41%.

Higher government spending on infrastructure sector in the Union Budget 2009-2010 to provide a stimulus to the economy, may result in increase order flow for construction. The government has set a target of spending $20 billion a year on road construction.

UltraTech Cement jumped 4.16% ahead of its Q2 results on Friday, 16 October 2009. A total of six brokerages expect a between 53% to 93% growth in UltraTech Cement's net profit at between Rs 251.20 crore to Rs 317 crore in Q2 September 2009 over Q2 September 2008. Higher realizations and increase in volumes will aid growth

But the key near term trigger for the UltraTech Cement counter is the swap ratio for merger of Aditya Birla group firm Samruddhi Cement with the company. The cement maker at its board meet held on 6 October 2009 gave in principle approval to a proposal to absorb group firm Samruddhi Cement. Earlier, on 3 October 2009, Grasim said it will transfer its cement business to its unlisted unit Samruddhi Cement as a part of a plan to bring the cement business of the Aditya Birla group under one roof.

Market expectations peg the merger ratio at one share of UltraTech for every two shares held in Samruddhi.

Among other cement stocks, ACC and Ambuja Cements rose by between 0.05% to 1.05%.

Power stocks rose on strong response to Indiabulls Power's IPO. Reliance Power, Torrent Power and CESC, rose by between 0.37% to 3.67%.

India's largest thermal power generator by sale NTPC rose 1.31%. The company said on Wednesday it has signed a joint venture agreement with state-run Coal India to develop the Brahmini and Chichro Patsimal coal mining blocks in eastern India. The mines will supply coal to NTPC's projects at Farakka and Kahalgaon.

After meeting the coal requirements of NTPC's projects, the JV may also consider setting up an integrated thermal power plant, NTPC said in a statement.

Realty stocks rose on recent reports that demand for residential projects in major cities is picking up on lower home loan rates, property price cuts by developers and a recovery in the job market. Realty market had slumped last year amid a global credit crunch and buyers fearing job losses. DLF, Indiabulls Real Estate, Akruti City rose by between 0.22% to 5.21%.

Auto stocks were mixed. India's top small car maker by sales Maruti Suzuki India rose 0.4%. The company's total sales rose 17.3% to 83,306 vehicles in September 2009 over September 2008. The figures were released during trading hours on 1 October 2009.

India's largest truck maker by sales Tata Motors was fat at Rs 572.55. Tata Motors is planning to ramp up production of its Nano, billed as the world's cheapest car, by a fifth this month, Rajiv Dube, head of the company's passenger car business said on Wednesday. The company said during market hours on Friday it has raised $750 million through an issue of global depositary receipts (GDRs) and convertible bonds. The company said it will use the funds to repay debt taken for acquisition of Jaguar Land Rover (JLR).

Tata Motors said the GDRs were issued at $12.54 each -- a 1.5% discount to Thursday's closing price of Rs 589.25 on NSE. The convertible notes were issued at a 7.5% conversion premium over the GDR price with a yield to maturity of 5.5%.

India's largest tractor maker by sales Mahindra & Mahindra fell 0.96% on profit taking after a recent strong surge. Total sales rose 10.94% to 28434 vehicles in September 2009 over September 2008. The company unveiled the sales figures during trading hours on 1 October 2009.

Bajaj Auto dropped 3.37% on profit booking after the company reported robust Q2 results during trading hours today, 15 October 2009. Bajaj Auto's net profit jumped 117.85% to Rs 402.83 crore in Q2 September 2009 over Q2 September 2008.

Total domestic automobile sales in the country in the first half of the financial year 2009-10 rose by 14.51% year-on-year to 57,82,920 units, according to automobile sales figures released by the Society of Indian Automobile Manufacturers (Siam). The jump in sales for the April-September period came from the double-digit growth posted by the passenger vehicle segment (comprising cars and sports utility vehicles) which grew by 13.46%, by the 15.68% spurt in two-wheeler sales and by an increase of 12.37% in sales of three-wheelers.

Euro Multivision settled at Rs 53.20, a discount of 29.07% over the initial public offer price of Rs 75 per share. The stock debuted at at Rs 70, a 6.66% discount over the issue price.

Sugar stocks surged on reports India's sugar output fell sharply in the year ended September 2009 on lower area under cultivation. Bajaj Hindustan, Shree Renuka Sugars, Dhampur Sugars rose by between 1.24% to 3.62%.

With a high demand-supply gap, the country was forced to import 5 million tonnes of raw sugar - the same amount it exported a year ago - sparking a price rally in the global market.

Print media stocks rose as a recent steep slide in prices of newsprint, a key input, will boost profitability. HT Media, Sandesh and Jagran Prakashan rose by between 1.18% to 2.38%.

Newsprint prices have slumped over the past few months. Current newsprint prices of $435 a tonne are down 44% from their most recent peak in November 2008 of around $775 a tonne. The recent rally of the rupee against the dollar also bodes well for print media firms as it will bring down the import bill. Print media firms spend a large sum of money on import of newsprint.

Tyre shares rallied on strong replacement demand. Apollo Tyres, CEAT and JK Tyres & Industries rose by between 0.67% to 7.67%.

Cals Refineries clocked highest volume of 9.83 crore shares on BSE. Euro Multivision (2.07 crore shares), Suzlon Energy (1.45 crore shares), Ispat Industries (1.32 crore shares), Mahindra Satyam (1.2 crore shares) were the other volume toppers in that order.

State Bank of India clocked highest turnover of Rs 221.70 crore on BSE. Reliance Industries (Rs 179.30 crore), Bharti Airtel (Rs 171.45 crore), Jindal Steel & Power (Rs 154.36 crore) and Reliance Communications (Rs 152.95 crore) were the other turnover toppers in that order.

Pre Session Commentary - Oct 15 2009

oday domestic markets are likely to open strong as Asian markets are trading higher with strong gains. Along with this, SGX Nifty is also trading higher, that will aid our market as well. Stocks and sector specific buying will rule the market in a narrow range. Continued weakness in the US dollar will result in some downside in IT stocks. On could expect volatility in the latter trading hour that would also bring some profit booking pressure as well. Today domestic markets are likely to trade range bound with positive bias.

On Wednesday, domestic market surged for the second day in a row amid by rally in global stocks, strong response to the initial public offer of Indiabulls Power, better-than-expected Q2 results from HDFC and robust Q2 results from HDFC Bank, spurted the bourses. Market touched 17 month highs during the trade with BSE Sensex ended above 17,200 level along with NSE Nifty closed above 5,100 level. A rally in US index futures triggered by a strong guidance from chip major Intel, aided the rally on the domestic bourses. Meanwhile, C Rangarajan, chairman of the prime minister’s Economic Advisory Council stated that the Reserve Bank of India (RBI) is doubtful to revise standard interest rates when it reviews monetary policy later this month. However, the RBI holds its quarterly policy review on October 27. Additionally, he said that India’s economy would grow 6-6.5% with an upward bias in the year to March 31, 2010. From the sectoral front, investors’ on-loaded position across the sectors. Major sectors that spurted includes Metal, CG, Auto and PSU stocks gaining 5.27%, 2.38%, 2.28% and 1.68% respectively among others. However, Teck Index was the lone sector under pressure.

The BSE Sensex closed higher by 204.44 points or 1.20% at 17,231.11 and NSE Nifty ended up by 63.95 points or 1.27% at 5,118.20. BSE Mid Caps and Small Caps closed with gains 124.77 and 114.91 points at 6,503.23 and 7,564.25 respectively. The BSE Sensex touched intraday high of 17,274.59 and intraday low of 17,117.90.

On Wednesday, the US stock market closed spectacularly higher amid by strong set of earnings from couple of industry bellwethers and continued weakness in US dollar against major currencies. This pumped in fresh capital into the market that sent all three major indices to new 2009 highs. Intel and JPMorgan beating market expectation when they released their third quarter earnings. Intel brought in $0.33 per share and also issued upside revenue guidance. On the other hand JPMorgan brought in $0.83 per share for its latest quarter. Pleasing September retail sales data, which showed a softer-than-expected decline of 1.5%. Barring autos, retail sales increased a better-than-expected 0.5%. After touching a new all time high at $1,072 per ounce in the overnight trade, the December gold futures closed down fractionally at $1064.60 per ounce. Heavy buying was seen across the secotors. Financial, Industrials, Materials and Energy were the major leaders of the day with respective gains of 3.4%, 2.6%, 2.0% and 1.2% respectively. However, Telecom was neutral. US light crude oil futures for November delivery closed 1.3% higher at $75.15 per barrel, on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) ended with spectacular gain of 144.80 points at 10,015.86. NASDAQ index surged 32.34 points to 2,172.23 and the S&P 500 (SPX) closed higher by 18.83 points at 1,092.02.

Indian ADRs ended in green on Wednesday. In the IT space, Wipro was up 3.64%, Infosys was up 2.77%, Satyam Computers was up 1.92% and Patni Computers was up 2.69%. In the banking space, ICICI Bank was up 2.96% and HDFC Bank was up 2.9%. In the telecom space, MTNL was up 2.26% while Tata Communication ended down 0.33%. In other sectors, Sterlite Industries was up 7.9%, Tata Motors was up 6.41% and Dr Reddy''s Labs was up 3.02%.

The FIIs on Wednesday stood as net buyers in equity and debt. Gross equity purchased stood at Rs. 3,058.90 crore and gross debt purchased stood at Rs. 929.80 crore, while the gross equity sold stood at Rs. 2,059.90 crore and gross debt sold stood at Rs. 826.40 crore. Therefore, the net investment of equity and debt reported were Rs. 999.00 crore and Rs. 103.50 crore respectively.

On Wednesday, the partially convertible rupee ended at 46.15/16 per dollar, 0.8% stronger than previous closing at 46.48/49 per dollar. As the dollar''s fall to 14-month lows versus a basket of currencies boosted sentiment, added by the strong rally in financial market that could trigger more capital inflows.

On BSE, total number of shares traded were 50.71 crore and total turnover stood at Rs. 6,895.34 crore. On NSE, total number of shares traded were 94.29 crore and total turnover was Rs 20,330.01 crore.

Top traded volumes on NSE Nifty – Unitech Ltd with total volume traded 41474397 shares, followed by Bharti Airtel with 27238676, Suzlon Energy with 20802384, Reliance Communication with 19179179, Hindalco Industries with 13607425 and Jindal steel with 9199007 shares.

On NSE Future and Options, total number of contracts traded in index futures was 485672 with a total turnover of Rs. 11,980.93 crore. Along with this total number of contracts traded in stock futures were 673496 with a total turnover of Rs. 23,321.61 crore. Total numbers of contracts for index options were 1106194 with a total turnover of Rs. 28,113.12 crore and total numbers of contracts for stock options were 74523 and total turnover was Rs 2,537.82 crore.

Today, Nifty would have a support at 5,018 and resistance at 5,120 and BSE Sensex has support at 16,980 and resistance at 17,300.

SGX Nifty continues its good run

5,145.0 +25.0

Grey Market Premium - Thinksoft Global, Indiabulls Power

Company Name	Offer Price (Rs.)	Premium (Rs.)
Thinksoft Global	125	4 to 5
Euro Multi Vision	75	3.50 to 4
Indiabulls Power	40 to 45	1.50 to 2

Market may extend gains on positive global cues; inflation eyed

The market may extend gains for third straight day on positive global cues after JPMorgan Chase & Co.'s earnings beat estimates. Investors will keenly watch headline inflation data for the week ended 3 October 2009 to be announced by the government today. Annual inflation slowed to 0.70 % in the week to 26 September 209 from 0.83 % in the previous week.

Bajaj Auto, Balaji Telefilms, CMC, Jindal Saw, Jaiprakash Hydropower, Merck, Reliance Industrial Infrastructure among others will announce their Q2 September 2009 result today.

India's second largest mobile telecom services provider by sales Reliance Communications (RCom) will be in action on reports the Securities and Exchange Board of India (Sebi) has asked for details of the special audit ordered by the Department of Telecommunications ahead of launching an independent investigation on the issue. The audit report by special auditors Parakh & Company had found that RCom, which offers CDMA mobile services and recently launched GSM services, had under-reported revenues for the financial years 2006-07 and 2007-08 that, in turn, impacted licence and spectrum fees it pays the government.

Meanwhile, C. Rangarajan, chairman of the prime minister's Economic Advisory Council said the Reserve Bank of India is likely to hold interest rates at a near decade-low in its policy review this month and the monetary stance can continue until inflationary pressures rise. Robust industrial growth could offset the impact of a 2 to 2.5 % contraction in farm output due to weak monsooon, and help the economy grow between 6 and 6.5 % in 2009/10, Rangarajan said.

Faster industrial output growth and rising inflationary pressures have strengthened case for an end to the RBI's accommodative monetary stance next year. India's industrial output grew at its fastest pace in 22 months in August at 10.4 %.

Last week, RBI Governor Duvvuri Subbarao said there was broad agreement India needed to step back from its easy policy stance, but he did not set a timeframe.

Meanwhile, the IPO of Indiabulls Power was subscribed 8.86 times at the end of second day of the issue on Tuesday. Indiabulls Power, a unit of Mumbai-based developer Indiabulls Real Estate, is developing five thermal power plants in western and central India, with total capacity of 6,600 megawatts, and will use the issue proceeds to fund two projects. The issue closes on Thursday, 15 October 2009.

The company has allotted 6.11 crore shares to anchor investors at Rs 45 per shares, at the top end of the Rs 40 to Rs 45 price band for the IPO.

Stock and sector-specific activity may dominate trade in the coming days based on expectations on Q2 September 2009 results. Auto firms are seen reporting strong Q2 results on strong volume growth and on lower input costs. Lower interest rates and pay hike for government employees has boosted auto sales this year after last year's slowdown in demand. Government employees have started receiving the balance 60% of their wage arrears as per the recommendations of the VIth Pay Commission.

Cement firms too are seen reporting good Q2 numbers on the back of volume growth, higher realisation and decline in costs like imported coal. Metal firms are seen reporting fall in net profit due to a sharp fall in metal prices on year-on-year basis.

Fall in volumes in the commercial property segment and lower realisations in both commercial and residential property segments, will pull earnings of realty firms lower.

Banks are seen reporting a sedate growth in core lending. On the flip side, PSU banks will benefit from treasury gains amid volatility in prices of government securities during the quarter.

Strong growth in new subscriber additions will aid topline growth of telecom firms. But falling average revenue per user (ARPU) and revenue per minute due to intense competition will cap bottom line growth.

Asian stocks advanced for a third day on Thursday after JPMorgan Chase & Co.'s earnings topped estimates and Posco raised its profit forecast. Treasuries and the dollar fell as investors sought higher-yielding assets. The key benchmark indices in China, Hong Kong, Japan, South Korea, Singapore and Taiwan rose by between 0.43% to 2.11%.

US markets rallied and the Dow broke through the 10,000 mark for the first time since last October on Wednesday bolstered by strong earnings from JP Morgan. The S&P 500 & Nasdaq were also at new 2009 highs. Banks surged on the back of JP Morgan earnings. The Dow gained 144.80 points, or 1.5%, to 10,015.86. The S&P 500 index added 18.83 points, or 1.8%, to 1,092.02. The Nasdaq Composite Index rose 32.34 points, or 1.5%, to 2,172.23.

JP Morgan's third quarter profit beat expectations. The bank's earning per share stood at 82 cents a share, up from 9 cents a share in the same quarter a year ago. The bank's net revenue was 7.5 billion dollar, an increase of 85% from last year.

A government report showed U.S. retail sales, excluding auto purchases, rose for a second month. The data offered cautious optimism that spending could help support the economy as it struggles out of recession.

Back home, the key benchmark indices surged for the second day in a row on Wednesday as a rally in global stocks, strong response to the initial public offer of Indiabulls Power, stronger-than expected Q2 results from housing finance major HDFC and healthy Q2 outcome from HDFC Bank, boosted market sentiment. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty on 14 October 2009, hit their highest closing levels in nearly 17 months. The BSE 30-share Sensex rose 204.40 points or 1.2% to 17,231.11 on that day.

As per provisional data, foreign funds on Wednesday, 14 October 2009, mopped up stocks worth a net Rs 1468.82 crore. Domestic funds sold shares worth a net Rs 196.91 crore

A section of the market is concerned that a glut in share sales may suck liquidity from the secondary market. As per reports, 30 companies have filed their draft red herring prospectuses in September 2009 with market regulator Securities & Exchange Board of India (Sebi) for raising funds through initial public offering.

The corporate sector has raised large sums of money through equity and equity related instruments in the past six months or so to either to retire high cost debt or to fund expansion. The supply of paper by Indian firms appear limitless, raising concerns that additional share sales will suck liquidity from the secondary market.

As per one report, companies plan to raise over Rs 50,000 crore through initial public offers (IPOs), follow-up public offers, divestment of stake sale in the second half of the current financial year. Reliance Infratel also announced on 22 September 2009, its intention to raise Rs 5,000 crore from the primary market. A number of companies are also in the fray to raise funds by way of qualified institutional placement (QIP), reports suggest.

Divestment of state-run firms by the government may also increase the supply of paper in the market. As per recent reports, the government is planning to announce a blueprint for selling its stake in state-owned firms in the first week of October 2009. The policy is expected to suggest how the government will eventually bring down its stake in public sector companies to 75% over a period of time.

Dow crosses 10,000 for first time in a year

Upbeat earnings from Intel and JP Morgan Chase boost stocks

US stocks ended with strong gains on Wednesday, 14 October, 2009. The positive mood checked in since last evening since Intel reported better than expected earnings. That was taken further ahead by another earning surprise in the financial sector. With the Dollar Index down once again to fourteen month low, the same also pushed stocks higher in broad-based fashion. The Dow closed above 10,000, for the first time in one year.

The Dow Jones Industrial Average ended higher by 144.8 points at 10,015.86. The Nasdaq Composite Index, ended higher by 32.34 points at 2,172.23. S&P 500 ended higher by 18.83 points at 1092.02.

Five of the ten economic sectors ended in the green led by financial, industrial, materials and energy sectors.

The positive tone started last evening with better-than-expected earnings and a strong forecast from chipmaker Intel. Things picked up further when JPMorgan Chase announced this morning earnings that exceeded the consensus forecast. JPMorgan's report helped the financial sector snap back from the previous session's loss and trade with leadership this entire session.

The latest minutes from the Federal Open Market Committee were announced today afternoon. The minutes from the Fed statement indicated that job losses are slowing from earlier in the year and that most members have upwardly revised economic projections.

Among economic reports expected for the day, retail sales data for September has also provided a boon to stocks. According to the Advance Retail Sales Report, sales fell 1.5% last month, but that wasn't as bad as the 2.1% decline that was widely expected. Excluding autos, retail sales were up 0.5% in September. That exceeded the 0.2% that was expected.

Import price data for September was largely in-line with expectations, but business inventory data for August was a bit disappointing. Neither report had much of an impact on trading, though.

Crude prices ended higher at Nymex on Wednesday, 14 October, 2009 and ended above the $75 mark for the first time in a year. Prices rallied today as better than expected earning reports from a couple of companies raised investors' hopes about recovery of the US economy in the coming months. The weak dollar also boosted crude price.

On Wednesday, crude-oil futures for light sweet crude for November delivery closed at $75.18/barrel (higher by $1.03 or 1.8%). Last week, crude ended higher by 2.8%.

In the currency market on Wednesday, the dollar fell against most of its rivals. The euro climbed up substantially today. The dollar index, which measures the strength of the dollar against a basket of six other currencies, fell to fourteen month low figure once again.

Barring Tata Motors, all Indian ADRs ended with solid gains. Rediff.com and Sify were the main gainers soaring 12.8% and 9.9% respectively.

For tomorrow, the day is heavy on both earning and economic reports. Initial Claims, continuing Claims, core CPI and CPI are the main economic reports expected. In terms of earning names, Goldman Sachs and Citigroup are major names.

Daily News Roundup - Oct 15 2009

NTPC and Coal India to form a 50:50 JV for developing coal mines. (FE)

Reliance Industries to buy refinery and petrochem units in US and Europe. (BL)

Oman Oil Company buys stakes in two of the oil blocks run by Reliance Industries in the Gulf of Oman. (BS)

Tata Motors launches Indigo Manza. (FE)

Government to widen the scope of R Com Audit review. (FE)

L&T may enter into power generation business. (BS)

L&T bags an order worth Rs9.6bn. (BL)

Gail India has formed its first foreign JV with China Gas Holdings for taking up various city gas projects in China. (BS)

Cairn India has raised US$1.6bn for Rajasthan projects. (BS)

GVK Power to raise Rs18bn for potential acquisitions. (BL)

Coal India is planning to float a global tender worth US$1.6bn for earth moving equipments. (BL)

Aditya Birla Nuvo is close to finalizing spin-off of its financial services business. (ET)

Tata Power may raise US$250mn for expansion. (ET)

Suzlon Energy sells wind power company Super Wind Projects for Rs2.5bn. (ET)

TVS Motors hopes to sell 20,000 auto-rickshaw this year. (BL)

Tata Docomo to roll out 100 dive in stores in India. (FE)

Glenmark Pharmaceuticals gets a warning from USFDA regarding its drug Codeinsulfate. (FE)

Oberoi family to sell 17% stake in EIH to Analjit Singh of Max India for Rs12.5bn. (ET)

Titan Industries to set up 300 stores under its watch business by next fiscal. (BS)

Spice Jet is working on a plan to start international operations in the next year. (BS)

Aditya Birla PE Fund to pick up 0.5% stake in BSE. (BS)

Nuclear Power Corporation of India to raise Rs230bn for setting up nuclear park. (BS)

Air India targets cost cuts worth Rs30bn and increase revenue by Rs20bn. (BL)

Government may give Rs13bn each to four PSU fertilizer plants to help them shift from liquid fuels to gas. (BS)

Refiners told to re-assess position on BS-III fuels. (BL)

India and Argentina sign civil nuclear pact. (BL)

Railway freight traffic up 6.45% in H1 FY10. (BL)

Dhanteras…be dazzled!

If you can't dazzle them with brilliance, baffle them with bull.

There is dazzle on the Street. The Goddess of Wealth and Prosperity seems to be making a happy entry with most indicators pointing to a bright Diwali on the bourses. Investors are having the last laugh so far with cries of caution being blasted away. Spiraling prices and possibilities of rate hikes have so far not deterred the bulls.

The Dow crossed 10000 on Wednesday. The milestone was last seen in October 2008 and adds to the growing signs of recovery from the depths of the financial crisis. Most equity benchmarks have touched multi-month highs. The Sensex has overcome 17,000 and the Nifty has topped 5100.

Don’t be surprised to see the key indices shooting up further today. Although there are a few concerns on valuations and the pace of the economic rebound, it would not be wise to stay idle. Money makes more money goes an old adage. So, put your money to work this Diwali. May be you can lock in some gains after some time.

With a sea of cash sloshing around the globe, and persistent signs of improvement in economic and business conditions, nobody wants to miss the rally. Risk appetite is showing no sign of abating as of now. Every fall, irrespective of its intensity is likely to entice fresh buying. The downside appears to be limited unless something horribly goes wrong in some part of the world.

However, the stock market is supposed to be a leading indicator and the seven month rally has already discounted most good news. Also, the economic woes are not completely over for the advanced nations, especially with regard to unemployment and the housing market. Consumer spending too is pretty anemic and will take time to recover fully. In short, there could be a few hiccups as we traverse the road of recovery.

As far as India is concerned, it is in a much better situation than some of the matured economies. Domestic demand appears to be looking up, and India Inc. too seems to be much more confident if the fund raising binge is anything to go by. There are a few areas that could pose challenges going ahead such as rising inflation, hardening of interest rates and a ballooning fiscal deficit. But, in the near term there is hardly anything that could potentially trigger a big selloff.

Results Today: Aarvee Denim, Alembic, Bajaj Holdings, Bajaj Auto, Balaji Tele, CMC, Jindal Saw, JP Hydro, Kewal Kiran Clothing, KPIT Cummins, Merck and Wyeth.

FIIs were net buyers in the cash segment on Wednesday at Rs14.43bn on a provisional basis. The local funds were net sellers at Rs1.97bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs2.89bn. On Monday, the foreign funds were net buyers of Rs9.99bn in the cash segment. Their net investments in Indian stocks this year has crossed $13bn. Mutual Funds were net sellers at Rs30mbn on Monday.

On Wall Street, the Dow Jones Industrial Average closed above 10000 on Wednesday, ending at the key psychological milestone for the first time in more than a year, following upbeat profit reports from Intel and JPMorgan Chase.

The Dow rose 145 points or 1.5%, at 10,015.86, finishing at its highest point since Oct. 3, 2008, when it closed at 10,325.38. The S&P 500 index rose 19 points, or 1.8%, to 1,092.02 and the Nasdaq Composite index added 32 points, or 1.5%, to 2,172.23.

The advance was broad-based, with 25 of 30 Dow stocks rising.

The weak retail sales report indicates that the economic recovery is not going to be smooth. While 10,000 is significant on a psychological level, it is not especially meaningful on a technical level. The Dow isn't a benchmark for most portfolio managers.

Since bottoming at 12-year lows in March of this year, the S&P 500 has surged a little over 61% as of Wednesday's close, and the Dow has jumped 53%.

Two Dow stocks reported better-than-expected third-quarter results following component Alcoa's better-than-expected profit report last week.

JPMorgan Chase said it earned $3.6 billion in the quarter, as strength in its investment banking business tempered rising loan losses. The company said that consumer loan delinquencies are showing signs of stabilization, but that the trend may not continue.

JP Morgan reported higher quarterly sales and earnings that topped analysts' estimates. Shares gained 3.3%.

Late on Tuesday, chipmaker Intel said that quarterly sales and earnings fell from a year ago, but topped estimates. Intel also issued a bullish forecast, saying that it expects fourth-quarter revenue of between $9.7 billion and $10.5 billion versus the $9.51 billion consensus. Intel also said it expects gross margins, a key measure of profitability, in the 59% to 65% range versus the 56.7% consensus. Shares gained 1.7%.

Retail sales fell 1.5% in September, the Commerce Department said, surprising economists who were expecting sales to fall 2.1%. Sales rose 2.7% in August thanks partly to the impact of the government's Cash for Clunkers auto stimulus program. Sales excluding autos rose 0.5% in the month versus a rise of 1.1% in August. Sales were expected to rise 0.2%.

Import prices edged up 0.1% in September, the government said, after climbing 1.6% in August. Export prices fell 0.3% in September versus a revised 1.6% in August.

In the afternoon, the Fed released the minutes from the last interest-rate policy meeting. The bankers said that while the economic outlook has improved, activity is still weak. Additionally, most of the bankers raised their economic projections for the second half of the year and for the next two years.

Treasury prices tumbled, raising the yield on the 10-year note to 3.38% from 3.35% late on Tuesday.

The dollar fell versus the euro and the yen, extending its recent losses.

US light crude oil for November delivery rose $1.03 to settle at $75.18 a barrel on the New York Mercantile Exchange, the highest level in a year.

COMEX gold for December delivery fell 30 cents to $1,064.70 an ounce after ending the previous session at a record close of $1,065. Gold has been hitting record highs almost daily in response to a weak U.S. dollar and ongoing concerns about inflationary pressures.

European shares posted sharp gains, boosted by strong results from BASF, Intel and JP Morgan Chase. The pan-European Dow Jones Stoxx 600 Index rose 2.1% to close at 246.98, up for the second time in three sessions.

Germany's DAX index rose 2.4% to settle at 5,854.14, the French CAC-40 index gained 2.1% to end at 3,882.67 and the UK's FTSE 100 index climbed 2% to finish at 5,256.10.

Indian markets resumed the upswing after an election break. It was another noteworthy day as the NSE Nifty re-conquered the 5100 mark for the first time since May 2008. The rally was led by the Metals, Auto and the Capital Goods stocks. However, the telecom stocks continued to be under the bear attack.

The Nifty has advanced nearly 175 points while the BSE Sensex has added ~600 points in the last two trading sessions.

Technically, The Nifty has yet again managed to close above all the near term moving averages indicating the strength in the current up move. However, one has to keep an eye for the 5160-5170 levels which could turn out to be stiff resistance. Once the crucial resistance is taken out the index could further extend gains upto 5300 mark.

The BSE Sensex surged 204 points at 17,231 after touching a high of 17,274 and a low of 17,117. The index opened at 17,117 against the previous close of 17,026. The NSE Nifty advanced 64 points to shut shop at 5,118.

In Asia, the Nikkei in Japan was flat at 10,060, while Australia's S&P/ASX ended higher by 1% at 4,831. Shanghai SE Composite in China gained 1.5% and Hang Seng index in Hong Kong was up 2%.

In Europe, stocks were in the green. The FTSE in the UK gained 1.8%, The DAX in Germany was up 2% and the CAC 40 index in France added 2%.

Coming back to India, among the BSE sectoral indices, the Metal index was the top gainer, adding 5.5%, followed by the Auto index that was up 2.5% and the BSE Capital Goods index was up 2.4%.

Even the BSE Mid-Cap index advanced 2% and the BSE Small-Cap index was up 1.5%.

Among the 30-components of Sensex, 25 stocks ended in the green and only 5 ended in the negative terrain. Among the major gainers were, M&M, Hindalco, JP Associates, SBI, Sterlite and Tata Steel.

On the other hand, RCom, Bharti, Reliance Infra, ACC and ACC were among the major losers

Outside the frontline indices, the big gainers in the broader market were PTC India, GVK Power, Cadila, Essar Oil and Bank of India. On the other hand, losers included Jet Airways, Chennai Petro and TTML.

HDFC Bank announced its Q2 results with net profit at Rs6.88bn up 30.3% as against Rs5.28bn in the same period last year. The bank’s total income was at Rs50bn registering 8% increase YoY as against Rs46.3bn.

Shares of HDFC Bank slightly ended flat at Rs1702. The stock opened at Rs1719 and made an intra-day high of Rs1727 and a low of Rs1685. Total traded volumes stood at 0.19mn shares.

Suzlon Energy announced about the completion and commissioning of a 19.5 MW wind farm project for the Gujarat Mineral Development Corporation (GMDC) at the Maliya - Mivana site in Rajkot District of Gujarat.

The project comprises of 13 units of Suzlon's SS82-1.5 MW wind turbines and has been commissioned in record time, almost two months ahead of the contractual commissioning period.

Shares of Suzlon erased gains and ended lower by 1.4% to Rs85.4. The stock opened at Rs87.50 and made an intra-day high of Rs88 and a low of Rs85. Total traded volumes stood at 8.63mn shares.

Shares of Unitech advanced by 4.5% to Rs105 after the company announced that it sold property worth Rs40bn in the March to September period.

The company sold ~10.11mn square feet of space in the period. Out of 10.11mn sq ft, ~8.16mn sq ft was booked in the residential segment. It said these figures did not cover PLC, parking and club charges.

Larsen & Toubro's Metallurgical, Material Handling & Water Operating Company - a part of its Construction Division has secured Orders aggregating Rs9.66bn from Customers like Sterlite Industries India Ltd, Uttar Pradesh Jal Nigam & Gujarat Water Infrastructure Ltd. This includes Rs2.25bn order from the Metallurgical Sector and Rs7.41bn orders from the Water Sector.

Shares of L&T gained by 2% to Rs1689. The stock opened at Rs1665 and made an intra-day high of Rs1698 and a low of Rs1660. Total traded volumes stood at 0.25mn shares.

Cairn India rose over 6.5% to end at Rs280 after crude prices surged to a year’s high. The stocks also were in demand after it had won two exploration areas in India’s auction earlier this week.

Crude oil for November delivery rose as much as US$1, or 1.4%, to US$75.15 per barrel in electronic trading on the New York Mercantile Exchange today, the highest since October 21, 2008.

On the other hand, ONGC gained by 1% to Rs1258, while, Oil Indian was marginally down by 0.3% to Rs1189.

Suven Life Sciences announced that their clinical candidate SUVN-502 for Alzheimer's Disease secured several product patents granted at all the key market countries; India (218438), Mexico (257091), South Africa (2005/4043), Singapore (113104), New Zealand (540840), Korea (10-2005-7009512), Eurasia (011320), Australia (2003237599) and Europe (1581492).

The granted Product Patent for SUVN-502 in all the countries is valid until June 2023.

Shares of Suven Life Science were locked at 5% upper circuit at Rs29. The stock opened at Rs26.95 and made an intra-day high of Rs29 and a low of Rs27.3. Total traded volumes stood at 92,000 shares.

Shares of Bajaj Auto Finance surged by over 14% to Rs324 after the company announced its Q2 results with net profit of Rs216.9mn as against Rs45.7mn in the same period last year.

The stock opened at Rs288 and made an intra-day high of Rs334 and a low of Rs285. Total traded volumes stood at 0.68mn shares.