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Thursday, September 30, 2010
Enthiran – curious audience, optimistic Kollywood
The buzz has again reached a crescendo in the Tamil film industry. This time, it's the Rajinikanth-Aishwarya starrer Enthiran, all set for release on October 1. Even its trailer was well marketed. Theatres even printed tickets for the trailer, for the first time ever. The film is expected to rake in at least Rs 350 crore, overall.
BSE Bulk Deals to Watch - Sep 30 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/9/2010 530901 ACIL Cot Inds JETHABHAI MADHUBHAI CHAUDHARY S 65000 30.00
30/9/2010 511706 Action Fin BP FINTRADE PRIVATE LIMITED S 102546 39.67
30/9/2010 532727 Adhunik Metal CLEARWATER CAPITAL PARTNERS SINGAPORE FUND III PRIVATE LIMITED B 762936 113.78
NSE Bulk Deals to Watch - Sep 30 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-SEP-2010,AMTEKINDIA,Amtek India Limited,SALASAR STOCK BROKING LTD.,BUY,1000000,64.22,-
30-SEP-2010,ANSALAPI,Ansal Properties & Ind Lt,HEM INVESTMENT PVT LTD,BUY,1001499,94.17,-
30-SEP-2010,DCM,DCM Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,126489,128.49,-
Markets end Sept series on a high
Major headlines
Food inflation rises to 16.44%
State Bank of India keeps base rate unchanged at 7.5%; the stock ends higher by 1.22%
Mahindra Satyam slumps on reporting losses; the stock closes 8.90% lower
Select indices edge up in Asia
Most other indices end in red amid global concerns
Asian markets mostly ended lower though the indices in China and India recorded decent gains amid an uncertain global environment. The markets were off to a tentative start on concern that Europe's debt crisis will slow a recovery of the global economy. Drops were extended after the Dublin-based Central Bank said Anglo Irish Bank Corp. and Allied Irish Banks Plc may need an additional 14.4 billion euros ($19.6 billion) in capital. The overnight cues were also negative as Dow slipped by 22.86 points or 0.2% to close at 10,835.28. The high current of global liquidity and a persistent drop in US dollar supported the sentiments for though, making it possible for Chinese and Indian stocks to gain amid after positive growth forecasts about both the economies by the Asian Development Bank earlier in the week.
Commercial Engineers & Body Builders Company IPO Analysis
Commercial Engineers & Body Builders Company (CEBBCO), promoted by Kailash Gupta and Ajay Gupta, manufactures vehicle bodies for commercial vehicles (CVs), refurbishment of wagons and manufacture of locomotive and wagon components.
Banking, metal stocks lead late rebound
In a complete turnaround, the key benchmark indices ended on a firm note, with metal and banking stocks staging a strong rebound in the last 40 minutes or so of trade. The BSE Sensex and the S&P CNX Nifty regained the psychological 20,000 and 6,000 levels respectively in late trade. Seven out of 13 sectoral indices on BSE rose. Banking major State Bank of India hit a record high at the fag end of the trading session. Trading was choppy throughout the session ahead of the Allahabad High Court's verdict on the Ayodhya issue.
Latest Grey Market Premiums - Sep 30 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 8.50 to 9 |
| Career Point Infosystems | 310 (Upper Band) | 142 to 145 |
| Eros International | 175 (Upper Band) | 42 to 43 |
| Microsec Fin | 118 (Upper Band) | 15 to 17 |
| Ramky Infrastructure Ltd. | 450 | 10 to 12 |
| Orient Green Power | 47 to 55 | 1.10 to 1.30 |
| Electro Steel | 10 to 11 | 1.50 to 1.60 |
| Gallantt Ispat | 50 (Fixed Price) | 1.50 to 1.75 |
| VA Tech Wabag | 1230 to 1310 | 300 to 310 |
| Cantabil Retail | 127 to 135 | 3 to 3.50 |
| Tecpro Systems | 355 (Upper Band) | 49 to 50 |
| Ashoka Buildcon | 297 to 324 | 21 to 22 |
| Sea TV Network | 90 to 100 | 17 to 18 |
| Bedmutha Ind. | 95 to 102 | 13 to 14 |
| Coal India | 225 to 250 (Approx) | 14 to 15 |
| Commercial Engg. | 125 to 127 | 8 to 10 |
Tense Thursday…bulls look to roll over peacefully
We must set up a strong present tense against all rumors of wrath, past and to come. - Ralph Waldo Emerson.
The Ayodhya verdict will be pronounced by the Lucknow bench of the Allahabad High Court post market hours. The sentiment on the bourses is unlikely to be affected by the ruling, though there might be some impact on the political front.
Markets set for a flat start; Satyam eyed
Headlines for the day:
Mahindra Satyam posts Rs125 crore loss in FY10
Tata Steel refinances $5-billion Corus loan
RIL offers to buy land of fuel retailers seeking an exit
Market may open flat to lower; food inflation data eyed
The market may fall for the third straight day tracking weak Asian stocks. However, trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 4.50 points at the opening bell.
Daily News Roundup - Sep 30 2010
Mahindra Satyam FY10 loss at Rs1.24bn and revenues at Rs54.81bn. (BS)
TCS bags Rs2.18bn deal from Australian company, AGL and signs pact with BA. (ET)
RIL offers to buy land of fuel retailers who wish to exit. (BS)
Sensex retreats...Ends below 20k; Nifty below 6k
The Indian markets ended in the negative terrain for the second straight trading session amid weak cues from the European markets. After starting with smart gains, the benchmark indices were unable to hold on to their gains on the back of profit booking witnessed at higher levels.
Nifty September 2010 futures below 6,000
Turnover surges
Nifty September 2010 futures were at 5,997.90, at a premium of 6.60 points compared to spot closing of 5,991.30. Nifty October 2010 futures were at 6,019.85, at a premium of 28.55 points compared to spot closing of 5,991.30.
Wednesday, September 29, 2010
Indices below key levels
Major headlines
Tata Consultancy Services joins hands with British Airways; the stock closes higher by 0.08%
Lupin's arm acquires stake in Generic Health; the stock closes 1.58% down
Punj Lloyd signs pact with Nuvia India; the stock ends 3.24% lower
BSE Bulk Deals to Watch - Sep 29 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/9/2010 530901 ACIL Cot Inds DILIPKUMAR JETHABHAI CHAUDHARY S 65000 30.94
29/9/2010 532114 Alchemist Rlty CLSA (MAURITIUS) LIMITED S 1800000 16.30
NSE Bulk Deals to Watch - Sep 29 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-SEP-2010,DCM,DCM Ltd,MBL & COMPANY LTD.,BUY,89795,121.51,-
29-SEP-2010,DHANUS,Dhanus Technologies Limit,DB (INTERNATIONAL) STOCK BROKERS LTD.,BUY,93934,21.98,-
Asian markets end mixed
Select indices record gains, as economic undertone remains positive in region
Asian markets ended mixed today, though select indices added decent gains on the back of positive overnight close in the US markets and a strong set of economic numbers from China and Japan. US dollar plummeted to fresh six-month lows above 1.3600 against the Euro and supported the risk appetite. Commodity prices also remained strong. The economic undertone remains steady in Asia after the Asian Development Bank (ADB) stated yesterday that developing Asia's robust recovery from the global crisis is gaining further momentum. The ADB forecasts healthy growth of 8.2% for the region in 2010, well above 5.4% recorded in 2009 and also above ADB's earlier forecast of 7.5% in ADO 2010, released in April.
Market slides for the second straight day; Sterlite slumps
The key benchmark indices fell for the second straight day as traders resorted to profit taking after this month's strong gains in share prices. Investors sold metal, realty, consumer durables and FMCG stocks. The Sensex fell below the psychological 20,000 mark, after moving above and below that level intraday. The 50-unit S&P CNX Nifty also fell below the psychological 6000 mark. Copper major Sterlite Industries tumbled 8.5% after the Madras High Court on Tuesday, 28 September 2010, ordered closure of Sterlite Industries' copper smelting plant at Tuticorin after noting that the company has failed to comply with environmental issues.
Gold closes above $1,300 mark
Prices register all time new highs once again
Precious metals glittered and ended at record highs on Tuesday, 28 September 2010 at Comex. Yellow metal prices closed above the $1,300 mark for the first time ever. Silver also shone. Prices rose as dollar dropped and economic data checked in weaker than expected.
Crude ends marginally lower
Prices pare most of their early losses as stocks gain
Crude oil prices ended marginally lower on Tuesday, 28 September 2010 at Nymex. Prices started the day in the red but then prices rose in tandem with US stocks. Prices rose due to weak dollar. But weak consumer confidence data pushed crude price back in the red.
Bedmutha Industries Grey Market Premium - Coal India
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 (Lower Band) | 0.75 (Paise) to 1 (may go in Discount) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 10 to 11 |
| Career Point Infosystems | 310 (Upper Band) | |
| Eros International | 175 (Upper Band) | 42 to 44 |
| Microsec Fin | 118 (Upper Band) | 15 to 17 |
| Ramky Infrastructure Ltd. | 450 | 9 to 11 |
| Orient Green Power | 47 to 55 | 0.50 to 0.60 (Paise) |
| Electro Steel | 10 to 11 | 1.50 to 1.75 |
| Gallantt Ispat | 50 (Fixed Price) | 2 to 2.25 |
| VA Tech Wabag | 1230 to 1310 | 300 to 310 |
| Cantabil Retail | 127 to 135 | 7 to 9 |
| Tecpro Systems | 340 to 355 | 55 to 58 |
| Ashoka Buildcon | 297 to 324 | 21 to 23 |
| Sea TV Network | 90 to 100 | 22 to 23 |
| Bedmutha Ind. | 95 to 102 | 11 to 13 |
| Coal India | 225 to 250 (Approx) | 11.50 to 12.50 |
| Commercial Engg. | 125 to 127 | 7 to 9 |
Market may edge higher on positive economic data in China, Japan
The market may edge higher, tracking firm Asian stocks, which rose after positive economic data in the major Asian economies viz. China and Japan. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 15 points at the opening bell.
Markets may have a flat start
Headlines for the day:
IRDA for even dilution of holdings in IPOs
Bharati Shipyard may sell 15% stake to SCI
BP, RIL to discuss asset sales, Joint ventures
Sensex to rise at start...Mahindra Satyam in focus
The bulls may have been pushed to the wall on Tuesday but looks like they will regain some momentum today. Global indicators are bright with the US market rising despite a drop in consumer confidence. European shares dipped owing to sovereign debt concerns but ended off session lows.
More momentum!
Sometimes being pushed to the wall gives you the momentum necessary to get over it! - Peter de Jager.
The bulls may have been pushed to the wall on Tuesday but looks like they will regain some momentum today. Global indicators are bright with the US market rising despite a drop in consumer confidence. European shares dipped owing to sovereign debt concerns but ended off session lows. Most Asian markets are trading higher, which makes it pretty predictable for Indian indices to gain at the opening bell. Thereafter, the market could turn sideways and the key indices might trade in a narrow band.
Tuesday, September 28, 2010
Non institutional investors throng VA Tech Wabag IPO
Overall IPO subscribed 36.22 times
VA Tech Wabag's initial public offering (IPO) ended on 27 September 2010 with 36.22 times subscription. The IPO received bids for 11.33 crore shares compared with 31.28 lakh shares on offer.
Turnover surges
RIL, Bhel September 2010 futures at premium
Nifty September 2010 futures were at 6,055.20, at a premium of 25.70 points compared to spot closing of 6,029.50. Nifty October 2010 futures were at 6,071.20, at a premium of 41.70 points compared to spot closing of 6,029.50.
Markets end in red across Asia
Profit selling on a high after latest strong of gains
Asian markets moved lower today, sliding amid a volatile activity in the global currency markets as the traders eyed the weak overnight trades and worries over the Eurozone credit troubles remained in place. The markets did not pay much of an attention to the latest updates from the Asian Development Bank stating that developing Asia's robust recovery from the global crisis is gaining further momentum. In its annual flagship economic publication Asian Development Outlook 2010 Update, the ADB forecast a healthy growth of 8.2% in 2010, well above 5.4% recorded in 2009 and also above ADB's earlier forecast of 7.5%. Markets were more geared towards a downward bias given the selling pressure in risky assets and a recovery in the US dollar from fresh five month lows.
Ashoka Buildcon Allotment - Subscription Details
Qualified Institutional Buyers (QIBs) 25.52
Non Institutional Investors 13.91
Retail Individual Investors (RIIs) 3.46
Tecpro Systems Allotment - Subscription Details
Qualified Institutional Buyers (QIBs) 27.99
Non Institutional Investors 62.48
Retail Individual Investors (RIIs) 9.07
Post Market Review - Sep 28 2010
Markets ended flat after a choppy trading session. Sensex closed at 20104, down 2 points while Nifty lost 6 points to close at 6029. BSE Mid-cap and Small-cap indices gained 0.2% and 0.03% respectively. Stocks belonging to capital goods sector saw smart gains in today’s trade led by ABB and Siemens. Supreme Court today lifted stay on the Ayodhya case verdict and now the verdict will be delivered by Lucknow bench of Allahabad High Court on September 30th at 3.30 pm. European markets after dipping sharply in the red, pared losses and were trading down about a third of a percent. US stock indices futures were up about a third of a percent ahead of data on home prices and consumer confidence.
Markets recover at fag-end
Major headlines
Reliance Power aims to be largest private power company by 2015; the stock closes 1.68% higher
Venus Remedies surges on securing Thai contract; the stock closes 4.19% higher
GEI Industrial spurts on new order win; the stock higher by 1.74%
BSE Bulk Deals to Watch - Sep 28 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/9/2010 513513 Aditya Ispat HITESH KISHORBHAI MAKWANA B 30000 17.18
28/9/2010 513513 Aditya Ispat JMP SECURITIES PVT LTD B 96539 16.42
NSE Bulk Deals to Watch - Sep 28 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-SEP-2010,ASTRAL,Astral Poly Technik Limit,RELIANCE CAPITAL ASSET MGMT LTD A/C PMS,BUY,143043,171.18,-
Market ends marginally lower
The key benchmark indices registered marginal losses amidst high intraday volatility as traders rolled over positions in the derivatives segment, from the near-month September 2010 series, to October 2010 series, ahead of the expiry of the near-month September 2010 derivatives contracts on Thursday, 30 September 2010. An intraday recovery in European stocks and US index futures, aided a strong intraday rebound on the domestic bourses.
Profit booking may pull market lower
Weak Asian stocks may trigger profit taking on the domestic bourses, which surged sharply this month. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could fall 5.50 points at the opening bell.
Daily News Roundup - Sep 28 2010
Suzlon Energy is in talks to buy the remaining 9% stake in German unit REpower Systems AG. (BS)
L&T has bagged an order worth Rs16.1bn from Visa Power, for its 2x600 MW power plant being set up in Chhattisgarh. (ET)
Grey Market Premium - COAL India, VA Tech Wabag
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 (Lower Band) | 0.65 to 0.75 (Paise) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 7 to 8 |
| Career Point Infosystems | 310 (Upper Band) | 143 to 145 |
| Eros International | 175 (Upper Band) | 43 to 45 |
| Microsec Fin | 118 (Upper Band) | 13 to 15 |
| Ramky Infrastructure Ltd. | 450 | 14 to 15 |
| Orient Green Power | 47 to 55 | 0.50 to 0.60 (Paise) |
| Electro Steel | 10 to 11 | 1.50 to 1.65 |
| Gallantt Ispat | 50 (Fixed Price) | 2 to 2.50 |
| VA Tech Wabag | 1230 to 1310 | 325 to 300 |
| Cantabil Retail | 127 to 135 | 13 to 14 |
| Tecpro Systems | 340 to 355 | 55 to 57 |
| Ashoka Buildcon | 297 to 324 | 22 to 23 |
| Sea TV Network | 90 to 100 | 23 to 25 |
| Bedmutha Ind. | 95 to 102 | 13 to 14 |
| Coal India | 225 to 250 (Approx) | 12 to 14 |
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