India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Tuesday, January 12, 2010
NSE Bulk DEals to Watch - Jan 12 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-JAN-2010,AMDIND,AMD Industries Limited,BHAKTISURI SHARES AND SERVICES,BUY,131900,36.60,-
12-JAN-2010,AMDIND,AMD Industries Limited,SHREYASH M PATEL,BUY,253300,37.82,-
12-JAN-2010,AUSTRAL,Austral Coke & Projects L,ARIHANT SEC & INVESTMENT,BUY,3809106,10.03,-
12-JAN-2010,AUSTRAL,Austral Coke & Projects L,YOGESH JAISWAL,BUY,2282446,10.04,-
12-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,PATEL PRAKASHBHAI NARSINHBHAI,BUY,6301790,1.20,-
12-JAN-2010,CLUTCHAUTO,Clutch Auto Limited,BP FINTRADE PRIVATE LIMITED,BUY,82485,74.41,-
12-JAN-2010,DCMFINSERV,DCM Financial Ser Ltd,VINTAGE LEARING PVT LTD,BUY,100000,5.00,-
12-JAN-2010,GENUSPOWER,GENUS POWER INFRASTRU LTD,DYNAMIC STOCK BROKING (I) PRIVATE LIMITED,BUY,74844,195.83,-
12-JAN-2010,GISOLUTION,GI Engineering Solutions,SHRI PARASRAM HOLDINGS PVT. LTD.,BUY,49659,24.71,-
12-JAN-2010,INDOWIND,Indowind Energy Limited,MODEX INTERNATIONAL SECURITIES LTD.,BUY,248674,65.12,-
12-JAN-2010,JHS,JHS Svendgaard Laboratori,CLARA MARIA MAGIMA,BUY,95653,57.00,-
12-JAN-2010,KAVVERITEL,Kavveri Telecom Products,BP FINTRADE PRIVATE LIMITED,BUY,65154,83.27,-
12-JAN-2010,KAVVERITEL,Kavveri Telecom Products,SETU SECURITIES LTD,BUY,131783,83.28,-
12-JAN-2010,LAOPALA,La Opala RG Limited,KAUSHIK PODDAR,BUY,96979,34.24,-
12-JAN-2010,MAGMA,Magma Fincorp Limited,CELICA DEVELOPERS PVT LTD,BUY,344484,205.20,-
12-JAN-2010,ORCHIDCHEM,Orchid Chemicals Ltd.,JAYPEE CAPITAL SERVICES LTD.,BUY,456974,198.28,-
12-JAN-2010,ORIENTALTL,Oriental Trimex Limited,SHASHI KANT AGARWAL,BUY,85000,18.85,-
12-JAN-2010,QUINTEGRA,Quintegra Solutions Ltd,D K JAIN.,BUY,150000,15.50,-
12-JAN-2010,RKFORGE,Ramkrishna Forgings Ltd,AKG FINVEST LTD,BUY,80000,112.63,-
12-JAN-2010,SASKEN,Sasken Commu Techno Ltd,CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED,BUY,375000,186.00,-
12-JAN-2010,SELMCL,SEL Manufacturing Company,NIKON FINLEASE PVT. LTD,BUY,128869,96.42,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,RELIANCE MUTUAL FUND A/C RELIANCE BANKING FUND,BUY,1000000,130.00,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,SETU SECURITIES LTD,BUY,80764,151.69,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,SHYAMSUNDER BIYANI,BUY,89530,143.70,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,VAIBHAV DOSHI,BUY,98571,155.48,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,234508,412.45,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,BUY,77291,418.79,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,70263,411.70,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,DEEPAK SHANTILAL CHHEDA,BUY,61356,411.34,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,DINESH G. PARMAR,BUY,110978,420.18,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,201191,414.31,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,85247,411.73,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,94691,412.05,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,68089,417.38,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,OM INVESTMENTS,BUY,57782,411.53,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,58855,413.35,-
12-JAN-2010,WINDSOR,Windsor Machines Limited,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,BUY,136673,38.61,-
12-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,1273345,20.82,-
12-JAN-2010,ZENSARTECH,Zensar Technologies -Depo,RPG CELLULAR INVESTMENTS & HOL.P.LTD,BUY,140000,333.26,-
12-JAN-2010,ZICOM,Zicom Electronic Security,O SHANKARAN HUF,BUY,80000,125.29,-
12-JAN-2010,AMDIND,AMD Industries Limited,BHAKTISURI SHARES AND SERVICES,SELL,41900,35.37,-
12-JAN-2010,AMDIND,AMD Industries Limited,SHREYASH M PATEL,SELL,155300,36.95,-
12-JAN-2010,AMDIND,AMD Industries Limited,SOPHIA GRWOTH - A SHARE CLASS OF SOMERSET INDIA FUND,SELL,123000,38.01,-
12-JAN-2010,AUSTRAL,Austral Coke & Projects L,ARIHANT SEC & INVESTMENT,SELL,3797708,9.82,-
12-JAN-2010,AUSTRAL,Austral Coke & Projects L,SICOM LTD,SELL,5000000,10.07,-
12-JAN-2010,AUSTRAL,Austral Coke & Projects L,YOGESH JAISWAL,SELL,2282446,9.80,-
12-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,ADARSH FINVEST PRIVATE LTD,SELL,14000000,1.20,-
12-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,PATEL PRAKASHBHAI NARSINHBHAI,SELL,6301790,1.25,-
12-JAN-2010,CLUTCHAUTO,Clutch Auto Limited,BP FINTRADE PRIVATE LIMITED,SELL,73918,74.17,-
12-JAN-2010,DCMFINSERV,DCM Financial Ser Ltd,AMAZING CAPITAL SERVICES PRIVATE LIMITED,SELL,100000,5.00,-
12-JAN-2010,GENUSPOWER,GENUS POWER INFRASTRU LTD,DYNAMIC STOCK BROKING (I) PRIVATE LIMITED,SELL,67844,195.83,-
12-JAN-2010,GISOLUTION,GI Engineering Solutions,SHRI PARASRAM HOLDINGS PVT. LTD.,SELL,200,24.65,-
12-JAN-2010,INDOWIND,Indowind Energy Limited,DESAI UMANG SHAILESH,SELL,250814,64.48,-
12-JAN-2010,INDOWIND,Indowind Energy Limited,MODEX INTERNATIONAL SECURITIES LTD.,SELL,248674,65.30,-
12-JAN-2010,INDOWIND,Indowind Energy Limited,NILIMA SHAILESH DESAI,SELL,250982,61.64,-
12-JAN-2010,KAVVERITEL,Kavveri Telecom Products,BP FINTRADE PRIVATE LIMITED,SELL,76385,82.99,-
12-JAN-2010,KAVVERITEL,Kavveri Telecom Products,SETU SECURITIES LTD,SELL,137148,82.86,-
12-JAN-2010,MAGMA,Magma Fincorp Limited,MAYANK PODDAR,SELL,200000,205.20,-
12-JAN-2010,MBLINFRA,MBL Infrastructures Ltd,HDFC MUTUAL FUND,SELL,157000,195.96,-
12-JAN-2010,NORTHGATE,Northgate Technologies Li,DEUTSCHE SECURITIES MAURITIUS LIMITED,SELL,218000,32.00,-
12-JAN-2010,ORCHIDCHEM,Orchid Chemicals Ltd.,JAYPEE CAPITAL SERVICES LTD.,SELL,456974,198.18,-
12-JAN-2010,PRITHVI,Prithvi Information Solut,THE HONGKONG & SHANGHAI BANKING CORPORATION LTD,SELL,131400,74.94,-
12-JAN-2010,RKFORGE,Ramkrishna Forgings Ltd,UNO METALS LTD,SELL,80000,112.63,-
12-JAN-2010,SASKEN,Sasken Commu Techno Ltd,NORTEL NETWORKS MAURITIUS LTD,SELL,504515,185.71,-
12-JAN-2010,SELMCL,SEL Manufacturing Company,NIKON FINLEASE PVT. LTD,SELL,128869,96.35,-
12-JAN-2010,SUBEX,Subex Limited,BARCLAYS CAPITAL MAURITIUS LIMITED,SELL,590000,79.85,-
12-JAN-2010,SUBEX,Subex Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SING) ,SELL,579680,80.70,-
12-JAN-2010,SUPREMEINF,Supreme Infrastructure In,ICICI PRUDENTIAL ASSET MGT CO LTD. A/C PMS EQUITY PRODUCTS,SELL,223739,195.59,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,AMRABATHI INVESTRA PVT LTD,SELL,200000,135.27,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,GIRISH S MEHTA HUF,SELL,100000,130.00,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,GUJARAT FLUOROCHEMICALS LTD,SELL,79700,155.72,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,PILOT CONSULTANTS PRIVATE LIMITED,SELL,334485,134.72,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,PREMIER CAPITAL & SECURITIES PVT LTD,SELL,99648,130.00,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,SANTOSH INDUSTRIES LTD,SELL,140000,130.00,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,SETU SECURITIES LTD,SELL,68248,152.12,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,SHYAMSUNDER BIYANI,SELL,89530,142.55,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,THE INDIAMAN FUND MAURITIUS LIMITED,SELL,103025,130.25,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,VAIBHAV DOSHI,SELL,83571,151.16,-
12-JAN-2010,TANTIACONS,Tantia Constructions Limi,VISHAL JATIN SHAH,SELL,100000,130.01,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,234508,412.88,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,SELL,82589,417.86,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,70263,412.23,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,DEEPAK SHANTILAL CHHEDA,SELL,61356,411.61,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,DINESH G. PARMAR,SELL,110978,421.07,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,201191,414.10,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,85247,411.75,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,94691,412.28,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,74440,415.33,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,OM INVESTMENTS,SELL,57782,411.73,-
12-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,58855,413.92,-
12-JAN-2010,WINDSOR,Windsor Machines Limited,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,SELL,136361,41.14,-
12-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,1272845,20.84,-
12-JAN-2010,ZENSARTECH,Zensar Technologies -Depo,PEDRIANO INVESTMENTS LTD,SELL,140000,333.25,-
Infinite Computer IPO fully subscribed on day two
Receives bids for 2.78 crore shares
The initial public offer (IPO) of Infinite Computer Solutions (India) was fully subscribed on the second day on Tuesday, 12 January 2010. The IPO got bids for 2.78 crore shares by 16:00 IST, data on NSE showed. The company proposes to sell 97.77 lakh shares through the IPO, which excludes allotment to anchor investors.
The issue closes on 13 January 2010. The price band has been set at Rs 155 to Rs 165. At the top end of the price band, the company will raise about Rs 190 crore. The company is offering shares through a 100% book-building process.
Infinite Computer Solutions got a commitment of Rs 28.46 crore from nine anchor investors. The company finalised an allocation of 17.25 lakh shares to nine anchor investors at Rs 165 per share--at the upper price band of the IPO.
The IPO includes fresh issue of 57.33 lakh equity shares and an offer to sell 57.69 lakh equity shares by Whiterock Investments (Mauritius). The company intends to utilize the IPO proceeds for meeting capital expenditure, making acquisitions and repaying debt.
Infinite Computer Solutions (India) is mainly into software application development and maintenance but has diversified into other areas such as remote infrastructure management and research & development services.
Sensex loses 104.20 pts at close; IT bucks trend
Indian equities ended the day on a weak note. The 30-share index which began the day on a flat note turned volatile in early trades. The Nov` 09 IIP numbers which stood at 11.70% v/s 2.5% (Y-o-Y) basis did bring in a breather for the markets but the same was short lived
BSE Midcap and Smallcap indices too failed to maintain their upward trend and ended lower by 1.14% each. BSE IT index which cheered the Q3FY`10 result was the major support provider to the market.
Broader markets performed on mixed note. Asian stocks ended mixed, as Chinese auto sales and better-than-estimated profit at Infosys Technologies fueled optimism that regional growth will outpace the rest of the world.
Japanese benchmark index Nikkei 225 rose 80.82 points, or 0.75%, to end at 10,879.14. Hong Kong`s Hang Seng decreased 84.88 points, or 0.38%, to end at 22,326.64.
European stocks which opened positive traded on a weak note. UK`s benchmark index FTSE 100 shed 18.23 points, or 0.34%, to trade at 5,518.67.
French benchmark index CAC 40 decreased 18.86 points or 0.47% to trade at 4,024.19.
Germany`s benchmark index DAX gained 26.85 points or 0.46%% to trade at (4.09 pm).
The Sensex ended the day with a loss of 104.20 points, or 0.59% at 17,422.51 after touching a high of 17,612.00 and a low of 17,392.55. The broad-based NSE Nifty fell 39.00 points, or 0.74% at 5,210.40 after hitting a high of 5,300.50 and a low of 5,200.95.
Major gainers in the 30-share index were Wipro (4.89%), Tata Consultancy Services (4.88%), Infosys Technologies (3.97%), Mahindra & Mahindra (2.64%), Tata Power Company (0.38%), and Reliance Industries (0.20%).
On the other hand, DLF (3.86%), Reliance Communications (3.49%), Tata Steel (3.42%), Sterlite Industries (India) (3.18%), ICICI Bank (3.08%), and State Bank Of India(2.84%) were the major losers in the Sensex.
Overall market breadth was positive. Out of the total 2991 shares traded at BSE, 1,077 advanced, 1,850 declined while 64 remained unchanged.
Major gainers in the sectoral indices were BSE IT which climbed 3.91%, TECk climbed 2.21%, Auto climbed 0.13%, Oil & Gas climbed 0.55%.
Among major losers in the sectoral indices - BSE Realty lost 3.1%, Metal declined 2.3%, Bankex lost 1.96%, PSU dropped 1.7% and Consumer Durables went down -1.59
BSE Bulk Deals to Watch - Jan 12 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/1/2010 524412 Aarey Drugs UTSAV NITINBHAI SHAH B 60000 49.91
12/1/2010 524412 Aarey Drugs DAXABEN VASANTKUMAR SHAH S 31959 49.14
12/1/2010 524412 Aarey Drugs PATEL SONAL KIRITBHAI S 25165 49.25
12/1/2010 524412 Aarey Drugs PATEL APEXA JAGDISHBHAI S 25000 49.46
12/1/2010 526955 ABL Biotech MRITUNJAY SINGH B 79900 25.63
12/1/2010 526955 ABL Biotech SAINATH HERBAL CARE MARKETING P.LTD B 70397 27.28
12/1/2010 526955 ABL Biotech SHILPA MILIND DESAI S 50000 26.90
12/1/2010 511706 Action Fin INTEGRATED FINANCIAL SERVICES LTD. B 78966 19.08
12/1/2010 511706 Action Fin P.K.J SHAREBROKER PVT.LTD. S 56296 19.05
12/1/2010 532828 AMD Inds BHAKTISURI SHARES AND SERVICES B 131200 37.27
12/1/2010 532828 AMD Inds SREYASH KUMAR MAHESHBHAI PATEL B 229935 36.96
12/1/2010 532828 AMD Inds SOMERSET INDIA FUND S 120000 38.00
12/1/2010 520077 Amtek Auto COPTHALL MAURITIUS INVESTMENT LIMITED B 950000 189.94
12/1/2010 532995 Avon Corp VINOD AMRATLAL NAAI S 520000 8.00
12/1/2010 505506 Axon Infotech SAI KANAKAMAHALAKSHMI FINANCE PVT LTD B 7346 23.25
12/1/2010 505506 Axon Infotech VINAY MENON B 20000 23.25
12/1/2010 505506 Axon Infotech UTTAM BHARAT BAGRI B 4600 23.25
12/1/2010 505506 Axon Infotech SILLA SWARNA S 4000 23.25
12/1/2010 505506 Axon Infotech HARSHAD KUMAR CHIMANLAL MISTRY S 14802 23.25
12/1/2010 505506 Axon Infotech BAKULABEN HARSHADKUMAR MISTRY S 15198 23.25
12/1/2010 508136 B&A SOMNATH CHATTERJEE S 15850 236.58
12/1/2010 532380 Baba Arts GORDHAN PRABHUDAS TANWANI S 433475 11.97
12/1/2010 532609 Bharati Ship OPG SECURITIES P LTD B 214685 314.48
12/1/2010 532609 Bharati Ship OPG SECURITIES P LTD S 214685 314.88
12/1/2010 500069 BNK Cap Markets INTERACTIVE TECHNOLOGIES B 248000 45.60
12/1/2010 500069 BNK Cap Markets ANJALEE EXIM S 248000 45.60
12/1/2010 517236 Calcom Vision CHANDRAKANT KIRTILAL PARIKH S 20075 4.15
12/1/2010 532413 Cerebra Integ ASHOK KUMAR BILGAIYAN B 90383 15.03
12/1/2010 532413 Cerebra Integ D VENKATESAN S 81174 15.90
12/1/2010 531932 CG Impex VARSHABEN NAVINBHAI SONI S 47771 6.11
12/1/2010 531337 Channel Guide AMIT MANILAL GALA B 67375 24.04
12/1/2010 531337 Channel Guide INFRASTRUCTURE JEETAYASH B 33000 24.20
12/1/2010 531337 Channel Guide ANGEL INFIN PRIVATE LIMITED B 89582 24.98
12/1/2010 531337 Channel Guide NARESH CHAND JAIN B 44026 24.54
12/1/2010 531337 Channel Guide JMP SECURITIES PVT LTD B 142088 24.43
12/1/2010 531337 Channel Guide RAJESH MAMANIA B 50000 24.75
12/1/2010 531337 Channel Guide ARYA INVESTMENTS B 30000 25.20
12/1/2010 531337 Channel Guide CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 39520 24.46
12/1/2010 531337 Channel Guide PRARTHANA TARUNKUMARBRAHMBHATT B 75000 24.73
12/1/2010 531337 Channel Guide BP FINTRADE PRIVATE LIMITED B 34021 24.87
12/1/2010 531337 Channel Guide AMIT MANILAL GALA S 77375 24.29
12/1/2010 531337 Channel Guide EKTA GODARA S 31800 23.79
12/1/2010 531337 Channel Guide ALTRA CLEAN OPERATIONS S 36186 23.88
12/1/2010 531337 Channel Guide CHETAN DOGRA S 33000 24.20
12/1/2010 531337 Channel Guide ANGEL INFIN PRIVATE LIMITED S 123582 24.73
12/1/2010 531337 Channel Guide NARESH CHAND JAIN S 59026 24.80
12/1/2010 531337 Channel Guide SUNIL CAPITAL S 117702 24.92
12/1/2010 531337 Channel Guide JMP SECURITIES PVT LTD S 139960 24.82
12/1/2010 531337 Channel Guide RAJESH MAMANIA S 75700 24.07
12/1/2010 531337 Channel Guide ARYA INVESTMENTS S 30000 25.18
12/1/2010 531337 Channel Guide CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 45441 24.28
12/1/2010 531337 Channel Guide BP FINTRADE PRIVATE LIMITED S 37521 24.46
12/1/2010 505052 Clutch Auto HITESH SHASHIKANT JHAVERI B 149462 74.30
12/1/2010 505052 Clutch Auto HITESH SHASHIKANT JHAVERI S 120407 74.30
12/1/2010 531216 Comfort Intech ANKIT RAJENDRA SANCHANIYA S 805378 17.79
12/1/2010 531923 Dhampure Spec SAMPARK INTERNATIONAL PVT LTD S 40000 34.71
12/1/2010 530337 Exelon Infra AMIT SARAOGI B 51615 61.42
12/1/2010 530337 Exelon Infra S K INVESTMENTS B 25000 61.90
12/1/2010 530337 Exelon Infra S K INVESTMENTS B 28000 61.50
12/1/2010 530337 Exelon Infra TEJAS KIRITKUMAR BAKHAI B 30000 61.68
12/1/2010 530337 Exelon Infra MADHU CHHAPARIA B 119850 60.56
12/1/2010 530337 Exelon Infra S K INVESTMENTS S 25000 61.39
12/1/2010 530337 Exelon Infra S K INVESTMENTS S 27000 60.86
12/1/2010 530337 Exelon Infra I K PROJECTS PRIVATE LIMITED S 50000 60.50
12/1/2010 530337 Exelon Infra NAIRABHILASH THANKAPPAN S 35302 60.34
12/1/2010 530337 Exelon Infra MADHU CHHAPARIA S 57329 61.77
12/1/2010 530337 Exelon Infra KAMALA KANTA GUPTA S 82359 61.09
12/1/2010 532022 Filatex Fash SAGARMAL JHAWAR & SONS S 38041 14.01
12/1/2010 532022 Filatex Fash RAJKUMAR BIDAWATKA S 40000 14.08
12/1/2010 531486 Filmcity Media KIRAN SUNILKUMAR JHA S 1455118 0.68
12/1/2010 532996 First Winner HITESH SHASHIKANT JHAVERI B 139193 32.38
12/1/2010 532996 First Winner BP FINTRADE PRIVATE LIMITED B 93359 32.11
12/1/2010 532996 First Winner HITESH SHASHIKANT JHAVERI S 138224 32.40
12/1/2010 532996 First Winner BP FINTRADE PRIVATE LIMITED S 92858 32.36
12/1/2010 507552 Foods & Inns ADIT G MEHTA B 10180 323.34
12/1/2010 507552 Foods & Inns ARVIND TENDULKAR S 10000 323.21
12/1/2010 514167 Ganesh Poly YAGNESH P KOTADIA B 50000 35.80
12/1/2010 530389 Geefcee Fin AMRABATHI INVESTRA PVT LTD B 87500 179.60
12/1/2010 530389 Geefcee Fin POONAM GARG S 93361 179.60
12/1/2010 532951 GSS America DHANANJAYA MONEY MANAGEMENT SERVICES PVT LTD S 75018 334.29
12/1/2010 514386 Gujarat Cotex CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 27168 9.77
12/1/2010 514386 Gujarat Cotex CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 29668 9.62
12/1/2010 523277 GV Films D VENKATESAN S 1838686 2.76
12/1/2010 509597 Hardcastle & Waud RONAK ASHWIN CHOKSI B 3500 614.89
12/1/2010 509597 Hardcastle & Waud LAHERI DAMJI SHAH B 3436 600.14
12/1/2010 509597 Hardcastle & Waud RONAK ASHWIN CHOKSI S 3500 600.09
12/1/2010 509597 Hardcastle & Waud LAHERI DAMJI SHAH S 3436 614.90
12/1/2010 590043 Harita Seat NIKUNJ D MEHTA B 43000 84.50
12/1/2010 590043 Harita Seat PRIYA D THAKKAR S 43500 84.43
12/1/2010 530315 Hindustan Tin SAINATH TRADING CO PVT LTD S 96000 121.28
12/1/2010 531661 Hittco Tools AMIT CAPITAL AND SECURITES PVT LTD S 30000 15.35
12/1/2010 531025 Inca Finlease VHM IMPEX PRIVATE LTD S 18413 81.93
12/1/2010 532326 Intense Tech SETU SECURITIES PVT LTD S 95000 12.17
12/1/2010 523844 Invicta Meditek VAIBHAV BALUZORE B 24820 9.40
12/1/2010 531398 Inwinex Pharma SETU SECURITIES PVT LTD B 6690 17.75
12/1/2010 523467 Jai Mata Glass GROWMORE PROPERTIES PVT LTD S 509480 2.64
12/1/2010 532771 JHS Svendgaard JUDE MAGIMA B 74800 57.00
12/1/2010 524378 JMDE Pack UTTAM BHARAT BAGRI S 39351 6.65
12/1/2010 524826 Jupiter Biosc ANGEL INFIN PRIVATE LIMITED B 119371 93.75
12/1/2010 524826 Jupiter Biosc DYNAMIC STOCK BROKING INDIA PVT LTD B 89101 95.81
12/1/2010 524826 Jupiter Biosc ASIT C MEHTA INVESTMENT INTERMEDIATES LTD B 124757 95.50
12/1/2010 524826 Jupiter Biosc ANGEL INFIN PRIVATE LIMITED S 99027 93.41
12/1/2010 524826 Jupiter Biosc DYNAMIC STOCK BROKING INDIA PVT LTD S 89101 95.42
12/1/2010 524826 Jupiter Biosc ASIT C MEHTA INVESTMENT INTERMEDIATES LTD S 124757 94.79
12/1/2010 532283 Kaashyap Tech HITEN MEHTA B B 3101855 0.78
12/1/2010 532283 Kaashyap Tech PRIYESH ARVIND BHATT B 3250000 0.78
12/1/2010 532283 Kaashyap Tech RAJESHBHAI BHAGATBHAI KESHWALA B 3000000 0.78
12/1/2010 532283 Kaashyap Tech TAIB SECURITIES MAURITIUS LTD DR A/C S 10000000 0.78
12/1/2010 530955 Kailash Ficom SHREE BAHUBALI INTERNATIONAL LTD B 117500 78.41
12/1/2010 530955 Kailash Ficom ROSEWOOD VANIJYA PVT LTD B 60000 78.80
12/1/2010 530955 Kailash Ficom PRACHI AGENCIES PVT LTD B 100000 78.80
12/1/2010 530955 Kailash Ficom MANU STOCK BROKING (P) LTD B 75000 78.72
12/1/2010 530955 Kailash Ficom KASTURI TOWERS LIMITED B 67000 78.77
12/1/2010 530955 Kailash Ficom K.B.R.TOWNSHIP (P) LTD S 120000 77.12
12/1/2010 590041 Kavveri Telecom SETU SECURITIES PVT LTD B 90582 83.18
12/1/2010 590041 Kavveri Telecom SHILPA STOCK BROKER PRIVATE LIMITED B 51311 82.80
12/1/2010 590041 Kavveri Telecom HITESH SHASHIKANT JHAVERI B 188829 83.63
12/1/2010 590041 Kavveri Telecom BP FINTRADE PRIVATE LIMITED B 73574 83.53
12/1/2010 590041 Kavveri Telecom SETU SECURITIES PVT LTD S 92544 82.98
12/1/2010 590041 Kavveri Telecom SHILPA STOCK BROKER PRIVATE LIMITED S 51311 82.81
12/1/2010 590041 Kavveri Telecom HITESH SHASHIKANT JHAVERI S 187388 83.42
12/1/2010 590041 Kavveri Telecom RAJA REDDY S 70000 83.65
12/1/2010 590041 Kavveri Telecom BP FINTRADE PRIVATE LIMITED S 71570 82.73
12/1/2010 530255 KAY Power KAUSHALYA GARG B 109384 13.23
12/1/2010 530255 KAY Power BAMPSL SECURITIES LTD. B 53235 13.19
12/1/2010 530255 KAY Power B.S.KHANDELWAL B 120901 13.26
12/1/2010 530255 KAY Power KAUSHALYA GARG S 100000 13.10
12/1/2010 530255 KAY Power SUNDERDASS AGARWAL S 85000 13.11
12/1/2010 530255 KAY Power KAILASH CHAND GUPTA S 73000 13.10
12/1/2010 524000 Magma Fin NAMOKAR COMMERCIAL PVT LTD B 250000 198.11
12/1/2010 524000 Magma Fin CPIM STRUCTURED CREDIT FUND A 1000 LIMITED S 102705 195.00
12/1/2010 531515 Mahan Inds YOGENDRA KUMAR GUPTA S 296800 36.65
12/1/2010 532950 Manjushree Techno HITESH SHASHIKANT JHAVERI S 121583 57.01
12/1/2010 532907 Maytas Infra OPG SECURITIES P LTD B 383152 203.26
12/1/2010 532907 Maytas Infra OPG SECURITIES P LTD S 383152 203.35
12/1/2010 531832 Nagarjuna Agri Tch CARWIN MERCANTILES PVT LTD S 59600 5.63
12/1/2010 531834 Natura Hue Chem SANJEEV RAMESH MALHOTRA B 36500 40.05
12/1/2010 531834 Natura Hue Chem CHETAN DOGRA B 51000 40.05
12/1/2010 531834 Natura Hue Chem CHETAN DOGRA S 30500 39.78
12/1/2010 511551 Networth Stock NETESOFT INDIA LTD S 68637 53.34
12/1/2010 590090 Octant Inter INDIUM HOME CARE PRIVATE LTD S 223131 11.20
12/1/2010 590090 Octant Inter RUPAK DEVELOPERS PRIVATE LIMITED S 266000 11.21
12/1/2010 531996 Odyssey Corp ANAND GUPTA B 50000 32.60
12/1/2010 531996 Odyssey Corp MOON ENTERPRISES PVT LTD S 50000 31.65
12/1/2010 531496 Omkar Overseas VIJAYKUMAR KASHMIRILAL PUNJABI B 25000 51.29
12/1/2010 531496 Omkar Overseas DINESHKUMAR RAMCHANDRA PANDEY B 45000 51.30
12/1/2010 531496 Omkar Overseas PINABEN PRAKASHKUMAR SHETH S 30124 51.60
12/1/2010 531496 Omkar Overseas RAJNIKANT RAMANBHAI JADAV S 25000 52.00
12/1/2010 531496 Omkar Overseas SUBHASHCHANDRA OMKARMAL AGARWAL S 45000 51.78
12/1/2010 532817 Oriental Trimex ABHISHEK VIJAYKUMAR SHAH B 755775 18.52
12/1/2010 532817 Oriental Trimex ABHISHEK VIJAYKUMAR SHAH S 716042 18.60
12/1/2010 511702 Parsharti Inv PATEL PARESHBHAI LALJIBHAI HUF B 20902 38.10
12/1/2010 511702 Parsharti Inv SANJAY JETHALAL SONI B 62000 40.22
12/1/2010 511702 Parsharti Inv PATEL SHAILESH JIVANLAL B 20200 39.90
12/1/2010 511702 Parsharti Inv KRUPA SANJAY SONI S 23101 39.53
12/1/2010 511702 Parsharti Inv SHIVA INVESTMENT S 25000 40.00
12/1/2010 511702 Parsharti Inv BHAVESH SHANTILAL TRIVEDI S 15716 39.94
12/1/2010 531769 PFL Infotech UMESH PURUSHOTTAM CHAMDIA B 25000 23.45
12/1/2010 531769 PFL Infotech SAMIR ARVIND THAKKAR B 25000 22.70
12/1/2010 531769 PFL Infotech KARISHMA DEELIPKUMAR KOTECHA S 45000 23.60
12/1/2010 532692 Radha Madhav DB (INTL) OWN TRADING B 158549 23.09
12/1/2010 532692 Radha Madhav DB (INTL) OWN TRADING S 158549 23.08
12/1/2010 532692 Radha Madhav JMP SECURITIES PVT LTD S 232586 23.25
12/1/2010 502587 Rama Pulp SANDEEP BAKUL SHETH B 40000 37.00
12/1/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 98425 37.39
12/1/2010 502587 Rama Pulp SONALI MANOJ LOHAR B 60001 37.36
12/1/2010 502587 Rama Pulp INDRA KUMAR DAGA B 58000 37.27
12/1/2010 502587 Rama Pulp SOALLI JAINUDDIN SHAIKH B 60000 37.31
12/1/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA S 47309 37.26
12/1/2010 502587 Rama Pulp SONALI MANOJ LOHAR S 60001 37.27
12/1/2010 502587 Rama Pulp INDRA KUMAR DAGA S 58000 37.30
12/1/2010 502587 Rama Pulp SOALLI JAINUDDIN SHAIKH S 60000 37.35
12/1/2010 502587 Rama Pulp PRABHA FARMS PVT LTD S 50000 37.02
12/1/2010 503162 Reliance Chem MEENA BANDI B 41771 38.98
12/1/2010 503162 Reliance Chem MEENA BANDI S 41771 39.34
12/1/2010 533083 RISHABHDEV ARIHANT SEC & INVESTMENT B 256040 16.70
12/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD B 333931 16.26
12/1/2010 533083 RISHABHDEV CREDO INDIA THEMATIC FUND LIMITED S 600000 16.30
12/1/2010 533083 RISHABHDEV ARIHANT SEC & INVESTMENT S 256040 16.62
12/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD S 164076 16.31
12/1/2010 532663 Sasken Comm NORTEL NETWORKS MAURITIUS LTD S 185000 185.53
12/1/2010 505141 Scooters India ABHISHEK VIJAYKUMAR SHAH B 187408 37.84
12/1/2010 505141 Scooters India GIRRAJ KUMAR MAHESHWARI B 10000 38.38
12/1/2010 505141 Scooters India ANGEL INFIN PRIVATE LIMITED B 36500 39.81
12/1/2010 505141 Scooters India Naman Securities & Finance Pvt. Ltd. B 18511 37.71
12/1/2010 505141 Scooters India UDAI KUMAR AGARWAL B 11000 37.63
12/1/2010 505141 Scooters India KALPANA MADHANI SECURITIES PVT. LTD. B 10000 38.97
12/1/2010 505141 Scooters India SAFINA TOWERS PVT LT B 17280 37.44
12/1/2010 505141 Scooters India TEJ RAM DHRUW S 10000 34.45
12/1/2010 505141 Scooters India ABHISHEK VIJAYKUMAR SHAH S 187408 38.71
12/1/2010 505141 Scooters India ANGEL INFIN PRIVATE LIMITED S 29800 38.39
12/1/2010 505141 Scooters India Naman Securities & Finance Pvt. Ltd. S 17511 36.41
12/1/2010 505141 Scooters India GAGAN MOHAN KHANDURI S 16000 38.20
12/1/2010 532886 SEL Mfg Company NIKON FINLEASE PVT.LTD B 102772 96.30
12/1/2010 532886 SEL Mfg Company NIKON FINLEASE PVT.LTD S 102772 96.53
12/1/2010 590046 Smruthi Org SWAPNIL PURUSHOTHAM EAGA B 30808 83.07
12/1/2010 590046 Smruthi Org BHAGWANDAS KRISHNANI NANAK S 30000 83.04
12/1/2010 532348 Subex CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SING) L S 338000 80.38
12/1/2010 532348 Subex BARCLAYS CAPITAL MAURITIUS LIMITED S 385000 80.98
12/1/2010 532738 Tantia Constr SHYAM SUNDER BIYANI B 79461 142.23
12/1/2010 532738 Tantia Constr WALLFORT FINANCIAL SERVICES LTD B 100000 130.00
12/1/2010 532738 Tantia Constr SANSUDHA SECURITIES PVT L TD S 100000 130.00
12/1/2010 532738 Tantia Constr PILOT CONSULTANTS PRIVATE LIMITED S 168184 132.70
12/1/2010 532738 Tantia Constr SHYAM SUNDER BIYANI S 79461 143.86
12/1/2010 532738 Tantia Constr WALLFORT FINANCIAL SERVICES LTD S 100000 142.39
12/1/2010 533121 THINKSOFT REGENT FINANCE CORPORATION PVT. LTD. B 174734 412.38
12/1/2010 533121 THINKSOFT SMART EQUITY BROKERS PRIVATE LIMITED B 149230 415.09
12/1/2010 533121 THINKSOFT TRANSGLOBAL SECURITIES LTD. B 59097 412.98
12/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. B 209334 412.70
12/1/2010 533121 THINKSOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD B 80473 412.09
12/1/2010 533121 THINKSOFT MARWADI SHARES AND FINANCE LTD. B 95492 413.03
12/1/2010 533121 THINKSOFT OPG SECURITIES P LTD B 315066 415.98
12/1/2010 533121 THINKSOFT REGENT FINANCE CORPORATION PVT. LTD. S 174734 416.25
12/1/2010 533121 THINKSOFT SMART EQUITY BROKERS PRIVATE LIMITED S 149230 415.24
12/1/2010 533121 THINKSOFT TRANSGLOBAL SECURITIES LTD. S 59097 412.77
12/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. S 209334 412.70
12/1/2010 533121 THINKSOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD S 80473 411.97
12/1/2010 533121 THINKSOFT MARWADI SHARES AND FINANCE LTD. S 95492 413.17
12/1/2010 533121 THINKSOFT OPG SECURITIES P LTD S 315066 416.05
12/1/2010 531917 Twinstar Soft A SANJEEV KUMAR B 100000 6.30
12/1/2010 531917 Twinstar Soft MEDABALMI PRAKASH RAO S 88346 6.53
12/1/2010 509992 UB Engineering HSBC EQUITY FUND B 157500 153.74
12/1/2010 526755 Velan Hotels TARUNKUMAR G BRAHMBHATT B 52000 34.52
12/1/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 36591 389.10
12/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 39435 388.86
12/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 30453 389.41
12/1/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR S 25897 388.93
12/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M S 29503 388.93
12/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 38510 389.13
12/1/2010 522029 Windsor Mach ANGEL INFIN PRIVATE LIMITED B 152598 38.43
12/1/2010 522029 Windsor Mach JMP SECURITIES PVT LTD B 75877 39.14
12/1/2010 522029 Windsor Mach ANGEL INFIN PRIVATE LIMITED S 152598 40.90
12/1/2010 522029 Windsor Mach JMP SECURITIES PVT LTD S 70187 39.64
12/1/2010 514470 Winsome Tex S K PATWARI HUF B 900000 5.15
12/1/2010 514470 Winsome Tex M K AGRAWAL (HUF) B 500000 5.15
12/1/2010 514470 Winsome Tex DEEPAK PATWARI HUF B 1000000 5.15
12/1/2010 514470 Winsome Tex KAILASHPATI VINIMAY PRIVATE LIMITED S 2400000 5.15
12/1/2010 531396 Women Networks SUNIL KUMAR JAIN SURANA B 17000 21.45
12/1/2010 530091 Zyden Gentec SAURABH KUMARRASIKLAL GANDHI S 259811 3.09
12/1/2010 530091 Zyden Gentec DEEPAK REAL ESTATEDEVE. I. P.L S 600000 3.07
* B - Buy, S - Sell
Infy, IIP numbers don’t excite markets
Today's major news
Infosys Q3 numbers beat market expectation; the stock jumps 3.97%
Bharti Airtel acquires 70% stake in Bangaldesh’s Warid Telecom; the stock falls 2.07%
Zylog Systems eyes acquisition in Canada; the stock closes 1.65% lower
Punj Lloyd bags Rs947 crore order in Orissa; the stock ends the day 1.03% lower
Octant Interactive procures USD2.5 million order; the stock slides 4.68%.
Click here for more stories
Post-market summary
Global signals
European indices traded lower in morning, as commodities stocks fell. At the time of writing this report FTSE 100 was trading 0.42% lower.
Major Asian indices showed mixed trend. Nikkei, Kospi, Shanghai Composite and Jakarta Composite closed higher whereas Hang Seng, Straits Times and Sensex closed lower. SGX Nifty was down 53 points.
US stock futures opened lower on Tuesday, as investors look forward to data related to trade balance for November.
Indian indices
Domestic markets declined for the fourth straight session brushing aside better-than-expected Q3 earnings for Infosys Technologies (infy) that sets the tone of IT companies’ earnings and strong index of industrial production (IIP) numbers for November. The Sensex opened mere 8 points higher and soon turned negative. The day’s high was 17612 while the low for the day was 17392. At closing bell, the index was at 17527, 104 points down. Nifty closed 39 points lower at 5210.
Market sentiment
The market breadth, the number of advancing shares to declining shares, was negative. Of the total 2,991 stocks traded on the BSE, 1,850 stocks declined, whereas 1,037 stocks advanced. Sixty four stocks closed unchanged.
Sectoral & stock screening
Infy’s Q3 readings set the tone for IT stocks with the BSE IT up by 3.91%. The other two sectors that were up for the day were BSE Teck and BSE Auto. The remaining 10 sectors were down, with the realty sector (BSE Realty) down by 3.10%, the most for any sector, to be followed by BSE Metal that fell by 2.30%.
On stocks’ front, Thermax surged the most by 7.10% followed by Jai Corp that rose 6.33% and Wipro that jumped 4.89%. Among losers, Adani Enterprises slid the most by 6.35% followed by REI Agro that fell 5.47%.
Viewing volumes
Unitech, India’s second biggest realty company, saw highest trading with over 0.89 crore shares changing hands on the BSE to be followed by industrial finance company, IFCI (0.80 crore shares), Ispat Industries (0.75 crore shares), wind turbine maker Suzlon Energy (0.72 crore shares) and IDBI Bank (0.52 crore shares).
Nifty futures at a discount
Nifty January 2010 futures at discount
Nifty January 2010 futures were at 5,208.60, at a discount of 1.80 points as compared to the spot closing of 5,210.40. Turnover in NSE's futures & options (F&O) segment surged to Rs 69,334.16 crore from Rs 46,016.12 crore on Monday, 11 January 2010.
Tata Steel January 2010 futures were at premium at 626.25 compared to the spot closing of 625.
State Bank of India January 2010 futures were at a slight premium at 2,200 compared to the spot closing of 2,198.70.
Infosys Technologies January 2010 futures were at a slight discount at 2,578.90 compared to the spot closing of 2,581.50.
In the cash market, the S&P CNX Nifty lost 39 points or 0.74% at 5,210.40.
Asian markets witness Tuesday twilight
Sensex, Strait times, Sydney edge lower while Nikkei, Shanghai finish higher
Stock markets in Asian region tanked on Tuesday, 12 January 2010, led by banks and mining companies, after China allowed the benchmark money-market rate to increase. China's central bank on Tuesday sold one-year bills at a higher yield for the first time since August 2009, fanning concern the government is moving to tighten liquidity.
The People's Bank of China on Tuesday raised the auction yield on one-year bills by a bigger-than-expected 8.29 basis points and drained a record 200 billion yuan ($29 billion) from the market, signaling a bias to tighten monetary conditions. Last week, the bank had surprised markets by raising the interest rate on three-month bills for the first time since August 2009, raising fears of a tightening cycle to head off economic overheating.
On Wall Street, the Dow closed higher Monday but the Nasdaq sagged, as investors awaited the kickoff to earnings season with Alcoa's report after the bell. The Dow Jones Industrial Average added 46 points, or 0.4%, at 10,664. The S&P 500 improved by 2 points, or 0.2%, at 1147, but the Nasdaq closed lower by 5 points, or 0.2%, to 2312.
In the commodity market, crude oil dropped for a second day in New York on forecasts cold weather in the eastern U.S. will abate this week, curbing heating fuel demand in the world's biggest energy user.
Crude oil for February delivery fell as much as 93 cents, or 1.1%, to $81.59 a barrel in electronic trading on the New York Mercantile Exchange, the biggest intraday drop since 21 December 2009. The contract was at $82.23 a barrel at 4:05 p.m. Singapore time.
Brent crude oil for February settlement dropped as much as 89 cents, or 1.1%, to $80.08 a barrel on the London-based ICE Futures Europe exchange. The contract, declining for a fourth day, was at $80.67 a barrel at 4:06 p.m. Singapore time.
Gold, trading little changed in Asia, may reach its highest level in more than a month on speculation the dollar will continue to weaken, fueling demand for the precious metal. Gold for immediate delivery fluctuated between gains of 0.2 percent and losses of 0.3%. It last traded up 0.2%t at $1,154.21 an ounce at 2:22 p.m. in Singapore. The metal touched an all-time high of $1,226.56 on 3 December 2009. Gold for February delivery in New York was up 0.3% at $1,154.30.
In the currency market, US dollar recovers across the board as China raised bill yields second time in a week to tightening liquidity further. Crude oil retreats yesterday's gain and is back at 82 levels while gold is also back pressing 1150. PBoC sold benchmark 1-year bill at 1.8434$ today. Last week, People's Bank of China raised yield on three-month bills to 1.3684%. The steps are viewed as sign that People's Bank of China is getting more aggressive in draining cash from the money market and prompts speculations there will more measures to come, including increasing banks' reserve ratios.
The Japanese yen advanced against euro and other major currencies in Asian trade on Tuesday on speculation local exporters were bringing home earnings from overseas after the three-day holiday, but yen pared early advances against greenback.
Japan's currency was quoted at 92.21 per US dollar on Tuesday from yesterday quote at Y92.09 per dollar in New York. The yen advanced to 133.31 against the euro from yesterday closing quote of 133.64.
The Hong Kong dollar was trading at HK$ 7.7552 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 lower on Tuesday as softer-than-expected home loans data weakened the currency. At the local close, the dollar was trading at $US0.9289, down 0.3 per cent from Monday's close of $US0.9312.
In Wellington trade, the New Zealand dollar came under pressure in its domestic session after reaching a near eight week high on Monday night. The NZ dollar was at US73.99c at 5pm, down from US74.28c at 8am and US74.02c at 5pm yesterday. It had risen to around US74.37c on Monday night, the strongest since November 19.
The South Korean won closed at 1,123.60 won to the greenback, down from yesterday 1119.80 won.
The Taiwan dollar strengthened further against the greenback. The Taiwan dollar was trading higher against the US dollar at NT$ 31.7720, 0.0080 up from Monday's close of NT$31.7800.
In equities, Asian markets ended on a mixed note, with Alcoa's disappointing earnings weighing on the region's materials shares, while hopes for strengthening economic recovery fueled gains for shipping stocks in China.
In Japan, the share market hit new 15-month high at the end of Tuesday session, as gains in materials and resources, commodity trading firm, and machinery companies in afternoon trading as optimism about the global recovery bolstered by upbeat Chinese trade data, which overshadowed sour mood from tumbling Japan Airlines on delisting fears and profit taking in overheated stocks.
At the closing bell, the Nikkei 225 Stock Average index was at 10,879.14, gained 80.82 points or 0.75%, while the broader Topix of all First Section issues on the Tokyo Stock Exchange added 12.84 points, or 1.36%, to 954.13.
On the economy front, the Bank of Japan said that Japanese bank lending, excluding loans by credit associations, fell 1.2% last month from a year earlier, compared with a 0.1% rise in November. Ministry of Finance said today that Japan current account surplus grew 76.9% to 1.1 trillion yen ($11.9 billion) in November from a year earlier as a rebound in global demand bolstered exports.
In Mainland China, the stock market soared on Tuesday trading session, as strong gains in telecom stocks on expectation for sharp increase in 3G users this year and large-caps including banks, real estate developers on bargain hunting as optimism about the global recovery bolstered by upbeat Chinese trade data.
At the closing bell, the Shanghai Composite Index, measuring A shares and B shares on the Shanghai Stock Exchange, rose 1.91%, to 3,273.97, while the Shenzhen Component Index on the smaller Shenzhen Stock Exchange added 1.67% to 13,381.25. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, surged 1.52%, to 3,534.92.
In Hong Kong, the share market tumbled on Tuesday, as a weak lead from offshore market and profit taking combined to snap a two-day rally. Banks and financials weighed the most amid worries over China monetary tightening after China allowed the benchmark money-market rate to increase, while resources shares lost steam with steep losses in Chalco after its global peer Alcoa's profits missed analyst estimates.
At the end of today's trading, the Hang Seng Index tumbled 84.88 points, or 0.38%, to 22,326.64, while the Hang Seng China Enterprise, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, dropped 151.66 points, or 1.16%, to 12,967.37.
In Australia, the shares market snapped two days of winning streak, with benchmark All Ordinaries tumbled on Tuesday as a weak offshore cues and profit-taking. Most sectors fell below the line as investors looked to lock in profits made recently. Mining and banking stocks led the declines and the retailers share also under a cloud today.
At the closing bell, the benchmark S&P/ASX200 index tumbled 51.2 points, or 1.03%, to 4,899.50, meanwhile the broader All Ordinaries retracted 49.6 points, or 1%, to 4,931.60.
On the economic front, the Australian Bureau of Statistics reported today that Australia dwelling commitments was down a seasonally adjusted 5.6% month-on-month in November to 59,516, following the 1.9% fall in the previous month. The total number of home loans in Australia was down a seasonally adjusted 2.9% month-on-month in November to A$16.54 million, following the 1.6% fall in the previous month.
In New Zealand, benchmark index that increased consistently throughout the first week of year 2010 failed to hold on to its gains. The domestic share market lost the initial momentum to drop down for the second consecutive session in a row on Tuesday. Benchmark NZX50 that lost almost 6 points yesterday dipped down more than 13 points Tuesday to slip below the 3300 levels after achieving a 15-month closing high of 3310.2 on Friday. At the closing hours, the benchmark NZX-50 index ended down 13.46 points or 0.41% to 3290.29. The NZX 15 lost 23.37 points or 0.39% to close at 5985.54.
In South Korea, stocks finished higher as gains by tech blue chips and energy utilities offset losses in banks and brokerages. The benchmark Korea Composite Stock Price Index (KOSPI) added 4.52 points to 1,698.64.
In Singapore, the share market tumbled on Tuesday with benchmark Strait Times widened their losses in afternoon trading on profit booking in banks and properties and blue-chip stocks as reduce risk appetite on cautious ahead of a stream of corporate earnings. Weak European stocks and lower US index futures also dented sentiment. At the closing bell, the blue chip Straits Times Index was at 2,916.11, dropped 17.42 points or 0.59%.
In Taiwan, stock markets tanked on Tuesday as investors booked profits in tech heavyweights, including Taiwan Semiconductor Manufacturing Company and Chi Mei Optoelectronics Corporation, following their recent gains. The benchmark Taiex share index snapped its series of recent gain, by finishing the day lower by 14.45points or 0.17% at 8309.37.
In Philippines, stock closed slightly up investors still chose to exercise caution. The PSEi closed in positive territory following positive news on the economic front. Export growth rose for the first time in 14 months, indicating that demand is slowly recovering after the global downturn. However, NG's budget deficit and the rising pressure on the domestic inflation continued to be a source of concern for the market players, which limited the gains registered by the composite index. As of November of 2009, the deficit was at P272.5 billion, already way above the P250 billion cap set last year and expected to reach P290 billion by December. The benchmark index PSEi ascended 0.59% or 18.27 points to 3,105.62, while the All Shares index augmented 0.21% or 4.17 points to 1,949.12.
In India, the key benchmark indices edged lower in choppy trade as robust industrial production data for November 2009 stoked worries that the central bank will tighten monetary policy to temper inflationary expectations. Weak European stocks and lower US index futures also dented sentiment. IT stocks bucked the weak trend after strong Q3 December 2009 results from IT bellwether Infosys Technologies.
The BSE 30-share Sensex was down 104.20 points or 0.59% at 17,422.51. The S&P CNX Nifty was down 39 points or 0.74% at 5210.40.
On the economic front, latest government data showed industrial output surged in November 2009. Industrial output rose at a faster-than-expected 11.7% in November 2009 from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Tuesday. The growth was the fastest since October 2007, when the industry grew an annual 12.2%.
Manufacturing production rose 12.7% in November 2009 from a rise of 2.7% a year earlier. The final figure for October's annual industrial growth rate was unchanged at 10.3%. Industrial output rose 2.6% in the 2008/09 fiscal year (April-March), slower than 8.5% in 2007/08 as the global economic downturn hit Asia's third-largest economy.
Elsewhere, Malaysia's Kula Lumpur Composite index finished slightly lower at 1292.85 while stock markets in Indonesia's Jakarta Composite index added 27.35 points ending the day higher at 2659.55.
In other regional market, European shares edged lower, as losses in the auto and oil sectors and a less-than-impressive start to the U.S. earnings season offset results from British supermarket giant Tesco and German retailer Metro. On a regional level in Europe, the U.K. FTSE 100 index traded down 0.4% at 5,515, the German DAX index declined 0.7% to 6,001 and the French CAC-40 index lost 0.5% to 4,024.
Key benchmarks slide on broad based selling
The market declined on Tuesday, shrugging off better-than-expected industrial production data for November 2009. Investors chucked shares due to fears that a robust industrial production data and a recent surge in inflation will provoke India's central bank to tighten monetary policy.
Weak European stocks and lower US index futures also dented sentiment. IT stocks bucked the weak trend after strong Q3 December 2009 results from IT bellwether Infosys Technologies.
The BSE 30-share Sensex fell 104.20 points or 0.59%, off close to 189.49 points from the day's high. FMCG, banking, realty and metal stocks fell. The market breadth was weak in contrast to a strong breadth earlier in the day
The market was volatile. It turned negative after a firm opening triggered by better-than-expected Q3 December 2009 results by IT bellwether Infosys which were announced just before trading started. It recovered from the day's low in morning trade after some Asian stocks reversed early losses. The market pared gains after hitting fresh intraday day high in early afternoon trade. The market slipped into the red in afternoon trade. The market extended losses later.
Trade minister Anand Sharma said on Tuesday the government will provide more incentives to exports of 2,000 products including those in engineering, electronics and chemicals. The country will target the Chinese and the Japanese markets for exports, he added.
A latest government data showed industrial output surged in November 2009. Industrial output rose at a faster-than-expected 11.7% in November 2009 from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Tuesday. The growth was the fastest since October 2007, when the industry grew an annual 12.2%.
Manufacturing production rose 12.7% in November 2009 from a rise of 2.7% a year earlier. The final figure for October's annual industrial growth rate was unchanged at 10.3%. Industrial output rose 2.6% in the 2008/09 fiscal year (April-March), slower than 8.5% in 2007/08 as the global economic downturn hit Asia's third-largest economy
Strong industrial production data along with an expected surge in the wholesale price inflation reinforced market expectations that the central bank will tighten monetary policy. The next policy review by the Reserve Bank of India is on 29 January 2010
The growth trend in the industrial output will continue in the coming months, Kaushik Basu, the chief economic adviser at the finance ministry, said on Tuesday.
Industrial output growth in the fiscal year to March 2010 will be higher than 2.6% recorded in 2008/09, Montek Singh Ahluwalia, the deputy chairman of Planning Commission said on Tuesday. He also said he hopes that the inflation would come down, without specifying any time frame.
The government will make all efforts to introduce the pension bill in the upcoming budget, R. Gopalan, secretary, financial services, in the finance ministry, said on Tuesday.
Meanwhile, the December 2009 export figures will be positive, trade minister Anand Sharma said on Monday. Sharma told a banking summit that higher December 2009 exports are due to a low base. The exports rose an annual 18.2 % in November 2009 to $13.2 billion, the first rise after 13 months of annual decline. Sharma also said that the government would spend $1.5 trillion on infrastructure over the next 10 years. Food prices are likely to come down due to good winter crop prospects and there was no need to import wheat and rice, Sharma said on Monday.
European shares turned negative after a firm start on Tuesday. The key benchmark indices in France, Germany and UK fell by between 0.08% to 0.67%.
Asian stocks were mixed. The key benchmark indices in China, Jakarta, Japan, and South Korea were up by 0.27% to 1.91%. However, indices in Hong Kong, Singapore and Taiwan fell by 0.17% to 0.38%.
China's central bank on Tuesday sold one-year bills at a higher yield for the first time since August 2009, fanning concern the government is moving to tighten liquidity. The People's Bank of China on Tuesday raised the auction yield on one-year bills by a bigger-than-expected 8.29 basis points and drained a record 200 billion yuan ($29 billion) from the market, signalling a bias to tighten monetary conditions. Last week, the bank had surprised markets by raising the interest rate on three-month bills for the first time since August 2009, raising fears of a tightening cycle to head off economic overheating.
Trading in US index futures indicated Dow could fall 46 points at the opening bell on Tuesday, 12 January 2010.
After Wall Street's close Monday, US aluminium maker Alcoa Inc posted earnings, excluding charges, of one cent per share for the fourth quarter, compared with expectations for five cents. Alcoa shares lost 5.3% in after-hours trade.
In regular trading on Monday, the Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data. The Nasdaq fell as tech shares succumbed to profit-taking. The Dow was up 45.80 points, or 0.4%, to 10,663.99. The S&P 500 index added 2 points, or 0.2%, to 1,146.98, while the Nasdaq was down 4.76 points, or 0.2%, to 2,312.41.
Closer home, the BSE 30-share Sensex fell 104.20 points or 0.59% at 17,422.51. The barometer index lost 134.16 points at the day's low of 17,392.55 in late trade. The Sensex jumped 85.29 points at the day's high of 17,612 in early afternoon trade.
The S&P CNX Nifty fell 39 points or 0.74% at 5210.40.
The BSE Mid-Cap index fell 1.14% and the BSE Small-Cap index fell 1.14%.
The market breadth, indicating the overall health of the market was weak. On BSE, 1077 shares advanced as compared with 1850 that declined. A total of 64 shares remained unchanged. The breadth was strong earlier in the day.
BSE clocked a turnover of Rs 6168 crore higher than Rs 6124.9 crore on Monday, 11 January 2010.
Among the 30-member Sensex pack, 22 fell while rest rose.
Index heavyweight Reliance Industries (RIL) inched up 0.20%. The stock had lost 1.85% on Monday after the firm raised $763 million through a block sale of 3.3 crore shares. RIL raised $763 million through a block sale of 3.3 crore shares on Monday, the country head of UBS Manisha Girotra said on Monday. Girotra also said the share sale at Rs 1050 each would be the last of block trades by the company for a while. UBS was the sole arranger for the trade.
Reliance, which is bidding for bankrupt LyondellBasell Industries, had previously sold treasury shares to state-owned insurer Life Insurance Corp of India raising $577 million last week. As per reports last week, Reliance had sweetened its offer to buy a controlling stake that valued LyondellBasell at $13.5 billion.
FMCG stocks fell on profit taking. United Spirits (down 0.44%), ITC (down 2.30%) and Hindustan Unilever (down 1%), fell.
Shares of software outsourcers rose after encouraging third quarter result from Infosys. India's largest software services exporter TCS rose 4.88%. India's third largest software services exporter Wipro rose 4.89%.
IT bellwether Infosys rose 3.97%. Infosys raised its full-year revenue and profit outlook after strong Q3 results and on improving trend for outsourcing orders. The company's consolidated net profit as per Indian accounting standards rose 2.72% to Rs 1582 crore on 2.8% rise in consolidated revenue to Rs 5741 crore in Q3 December 2009 over Q2 September 2009.
Infosys has raised earnings and revenue guidance for the year ending March 2010 (FY 2010) both in rupee and dollar terms. Infosys has forecast a 1.8% to 2% growth in consolidated dollar revenue for FY 2010 compared from a drop it had projected at the time of announcing Q2 September 2009 results. Infosys said FY 2010 consolidated revenue in dollar terms could rise to $4.75 billion to $4.76 billion, from $4.6 billion to $4.62 billion forecast earlier. The consolidated earnings per American depository share for the full year is seen rising 0.4% to $2.26, the company said in a statement.
Infosys CEO and managing director S. Gopalakrishnan said the global economic recovery seems to be led by the US and the financial services segment. Though IT budgets are expected to be flat in 2010, offshore outsourcing is expected to benefit from this recovery, he added. Chief Operating Officer S.D. Shibulal said the contribution to revenues from top ten clients grew by 12.2% during the quarter adding that Infosys' clients are taking decisions much faster.
Banking stocks fell as strong industrial output data stoked expectations that the central bank may tighten monetary policy. India's largest bank by net profit and branch network State Bank of India fell 2.84%, extending Monday's 0.85% decline. Non-performing loans (NPAs) in the small and medium enterprise sector (SME) are on the rise, chairman O.P Bhatt said on Monday. The state-run bank paid advance tax of Rs 1795 crore versus Rs 1700 crore.
India's second largest private sector bank by net profit HDFC Bank fell 0.49% after its ADR fell 1.52% on Monday. India's largest private sector bank by net profit ICICI Bank fell 3.08%.
Results from aluminum maker Alcoa weighed on metal stocks. National Aluminium Company (down 0.87%), Sterlite Industries (down 3.18%), Hindalco Industries (down 2.36%), JSW Steel (down 1.37%), Jindal Saw (down 0.73%), Steel Authority of India (down 3.53%), and Ispat Industries (down 3.50%), fell.
Tata Steel, the world's eighth-largest steelmaker fell 3.42%, falling for the straight second day. The company said on 5 January 2010 sales from its Indian operations rose 73% in December 2009 to 636,000 tonnes from a year earlier. The Indian 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.
Telecom stocks fell after telecom minister A Raja today said the government is yet to finalise the schedule for third-generation wireless spectrum auction. The auction, scheduled to begin from 14 January 2010, looks set to be delayed as the government has not issued notice inviting applications as yet. "Some of the issues between defence and the Department of Telecommunications have not been resolved. Either the (ministerial panel) chairman will decide or another round of consultation may be held," Raja said.
Bharti Airtel, India's top mobile operator by sales fell 2.07% after the company said on Tuesday it would invest $1 billion in Bangladesh's Warid Telecom, in which it would have board and management control. India's second largest mobile operator by sales Reliance Communications fell 3.49%.
Among other telecom stocks, Idea Cellular (down 5.17%), and Reliance Communications (down 5.08%), declined.
Rate sensitive realty stocks fell on profit taking. India's largest realty player by market capitalization DLF fell 3.86%. On 16 December 2009, the company's board approved merger of its commercial realty arm DLF Assets (DAL) with itself, a move aimed at repaying some of DAL's debt.
Among other realty stocks, Omaxe (down 3.67%), Unitech (down 2.21%), Phoenix Mills (down 0.93%) and Indiabulls Real Estate (down 4.12%), fell.
Realty stocks had surged over the past two days after a foreign brokerage house raised its outlook on the realty sector citing a potential recovery in the office property market and a steady growth in key residential markets.
Ansal Properties & Infrastructure lost 1.83%, after the company said promoters have pledged additional 23.68 lakh shares representing 1.92% of the equity capital of the company
Kinetic Motor Company slipped 7.02% on profit booking after seeing a sharp recent upsurge.
Entertainment Network (India) soared 7.24% after the Reserve Bank of India allowed foreign investors to buy further shares in the Mumba-based media firm as FII holding had dipped below the prescribed trigger limit.
Cals Refineries reported a highest volume of 6.12 crore shares on the BSE. K Sera Sera Productions (1.78 crore shares), Kaashyap Technologies (1.45 crore shares), Mahindra Satyam (1.33 crore shares), and G V Films (1.01 crore shares), were the other volume toppers on the BSE.
Thinksoft Global Services clocked a highest turnover of Rs 179.44 crore on the BSE. Mahindra Satyam (Rs 154.07 crore), State Bank of India (Rs 142.21 crore), Infosys Technologies (Rs 141.22 crore), and Reliance Industries (Rs 137.54 crore), were the other turnover toppers on the BSE.
Grey Market Premium - Infinite Computer, Jubilant Food Works
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Infinite Computer | 155 to 165 | 38 to 40 |
| Birla Shloka | 45 to 50 | 4 to 5 |
| Jubilant Food Works Ltd. | -- | -- |
Sensex to open lower
Headlines for the day
RIL eyes lyondell co-promotership
Great Eastern back to buying ships
Unitech sells Rs 5,550-cr properties in Apr-Dec
NDTV, Beximco Group to launch news channel in Bangladesh
Sterlite to set up power plant at Tuticorin
Events for the day
Major corporate action:
Ex-date for dividend of Balrampur Chini Mills Ltd & Walchandnagar Industries Ltd
Ex-date for interim dividend of Lancor Holdings Ltd.
Today’s Results: Bajaj Auto, Bajaj Auto Finance, Bajaj Finserv, Infosys Technologies, Mastek and Jaiprakash Power Ventures (Formerly Jaiprakash Hydro Power)
Pre-market report
Global signals
On Monday European Markets closed almost unchanged. FTSE 100 closed 0.07% higher at 5538.
In US markets, Dow Jones touched 15 months high to closed at 10664, 46 points higher. However, on other hand Nasdaq fell marginally by 0.21% to closed at 2312.
Among the Asian indices, all the Asian indices are trading negative in morning trade. At the time of writing of this report, SGX Nifty is trading 24 points lower.
Indian markets
The domestic indices are expected to open lower, remain volatile, owing to negative global markets.
Among the local indices, the Nifty could test the 5300-5325 range on the up side, while on the down side it could find support at 5225 and 5200. While the Sensex is likely to get support at 17300 and may face resistance at 17800.
Indian ADR's
Among the Indian ADRs trading on the US bourses, MTNL leads the chart of gainers with gain of 5.08%. On other hand HDFC Bank was the worst performer with loss of 1.52%.
Commodity cues
In the commodity space, wherein the Crude oil prices recorded gain, with the Nymex light crude oil for February series rose by $0.30 to settle at $83.05 a barrel.
In the metals space, Comex Gold for February series rise by $12.80 to settle at $1151.70 to a troy ounce.
In the metals space, Comex Silver for March series rise by $0.23 to settle at $18.70 to a troy ounce.
Daily trend of FII/MF investment in equities
On January 11, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs150.80 crore (with the gross purchase of Rs3268.30 crore and gross sales of Rs3117.60 crore).
While the Domestic mutual funds, on January 08, 2010, were the net sellers of the stocks in the tune of Rs157.70 crore (with gross purchase of Rs948.40 crore and gross sales of Rs1106.10 crore).
Strong Chinese data boosts copper prices
Prices rise the most in three days
Strong trade data from China boosted red metal prices on Monday, 11 January 2010. The weak dollar also aided in boosting red metal prices.
At USA, copper futures for March delivery ended higher by 4.05 cents (1.2%) to 3.441 a pound. It was the largest gain by red metal in three days. Last week, copper ended higher by 1.6%. This year, till date, copper is higher by 2.8%. Copper ended FY 2009 higher by 140%.
At LME, copper for delivery in three months ended higher by $106.5 (1.4%) at $7,567.5. On 3 July, 2008, prices had touched an all time intra day high of $8,940.
Copper ended substantially higher last year on expectations of revived global economic growth along with a decline in the dollar. The dollar index had dropped almost 4.2% last year. The metal was also pushed higher by record first-half imports to China, the world's largest user.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell by almost 0.8%. It fell to a three-week low against the euro today.
Yesterday, Chinese government report showed that exports climbed for the first time in 14 months and imports reached record highs. China's imports surged 55.9% in December, while exports rose 17.7% from the same period a year ago. The reports showed that shipments of copper and copper products into China rose to about 369,400 metric tons in December 2009. That was up 27% from November and 29% from a year earlier.
In addition, China's Finance Minister pledged to spend the full amount of planned stimulus in 2010, despite improvements in its economy and efforts to control bank lending.
The U.S. buys about 13% of the 17 million metric tons of copper sold annually and China buys about 20%.
As per latest data, inventories of copper in warehouses monitored by the LME rose for a 47th day to 515,200 tons.
In FY 2008, copper prices dropped by 54%. Prior to 2008, copper prices ended FY 2007 with a gain of mere 5.5% after a whopping 44% gain in FY 2006. The price of copper gained every year since 2002 as global economic growth boosted demand for the metal used in pipes and wires.
At the MCX, copper for February delivery closed higher by Rs 0.45 (0.13%) at Rs 345.25/Kg. Prices rose to a high of Rs 350/Kg and fell to a low of Rs 344.7/Kg during the day's trading.
Among other metals traded in the LME on Monday, lead gained 2.8% to end at $2,604 a ton and zinc gained 3.6% to end at $2,612 a ton. Nickel gained 3.1% to end at $18,450. Aluminium gained 2.2% to end at $2,333 a ton.
Infosys Q3 result will set the tone for market; IIP data eyed
IT bellwether Infosys's Q3 December 2009 result will set the tone for the market. However, weak Asian stocks may dent sentiment. The government will announce industrial output data for the month of November 2009 today, 12 January 2010. Industrial production recorded a robust 10.3% growth in October 2009.
Infosys will annunce Q3 December 2009 results today, 12 January 2010. Analysts expect weak performance from Infosys in Q3 December 2009 due to a firm rupee and hike in employee salaries. A firm rupee adversely affects operating profit margin of IT firms as the sector derives a lion's share of revenue from exports. Nevertheless, a favourable cross-currency movement will to some extent offset the impact of firm rupee and hike in salary bill. A number of analysts expect Infosys to revise upwards its guidance for the year ending March 2010 amid an improved global business environment. However, a section of the market feels that an adverse cross-currency movement will mean a muted guidance from Infosys for Q4 March 2010.
A total of seven brokerages expect a between 0.79% to 8.65% fall in Infosys' Q3 consolidated net profit as per Indian accounting standards at between Rs 1406.80 crore to Rs 1527.70 crore in Q3 December 2009 over Q2 September 2009. They expect a between 1.29% fall to a rise of 0.37% in revenue at between Rs 5512.90 crore to Rs 5606.10 crore in Q3 December 2009 over Q2 September 2009. It may be recalled that Infosys had raised salaries in October 2009.
Bajaj Auto will also announce its Q3 December 2009 result today.
Meanwhile, the December 2009 export figures will be positive, trade minister Anand Sharma said on Monday. Sharma told a banking summit that higher December 2009 exports are due to a low base. The exports rose an annual 18.2 % in November 2009 to $13.2 billion, the first rise after 13 months of annual decline. Sharma also said that the government would spend $1.5 trillion on infrastructure over the next 10 years. Food prices are likely to come down due to good winter crop prospects and there was no need to import wheat and rice, Sharma said on Monday.
Asian stocks fell on Tuesday, led by banks and mining companies, after China allowed the benchmark money-market rate to increase and Alcoa Inc.'s profits missed analyst estimates.The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Singapore and Taiwan fell by between 0.08% to 0.73%.
In US markets, the Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data. The Nasdaq fell as tech shares succumbed to profit-taking. The Dow was up 45.80 points, or 0.4%, to 10,663.99. The S&P 500 index added 2 points, or 0.2%, to 1,146.98, while the Nasdaq was down 4.76 points, or 0.2%, to 2,312.41.
Earnings season kicked off with Alcoa reporting numbers after the bell. The aluminum giant reversed a loss from a year earlier, but still reported earnings that fell well short of Wall Street's estimates.
Closer home, the key benchmark indices ended flat as profit booking in frontline stocks eroded early gains on Monday, 11 January 2010. The BSE 30-share Sensex fell 13.58 points or 0.08% at 17,526.71 on that day.
As per provisional figures on NSE, foreign funds bought shares worth Rs 3041.56 crore and domestic funds bought shares worth Rs 322.46 crore on Monday.
Aries Agro
We recommend buying the stock of Aries Agro from a short-term perspective. It is apparent from the charts that the stock has been on a steady longer-term uptrend since its March 2009 low of Rs 24.5, forming higher peaks and higher lows. It broke through various key resistances such as Rs 40, Rs 60 and Rs 80 level recently with good volumes. The stock is in an uptrend in all time frames, intermediate, medium and short-term. On January 11, it surged 5 per cent accompanied with good volume recoding a 52-week high of Rs 89.8. These gains have reinforced the stock's bullish momentum and it is trading way above the 21- and 50-day moving averages. Both the daily and weekly relative strength indices are featuring in the bullish zone. Besides, the daily as well as weekly moving average convergence and divergence indicators are hovering in positive territory. Our short-term outlook on the stock is bullish. We expect its current up move to prolong until it hits our short-term price target of Rs 99. Traders with short-term perspective can consider buying the stock with Rs 85 as stop-loss.
via BL
Daily News Roundup - Jan 12 2010
Reliance Industries raises Lyondell bid to US$13.5bn. (TOI)
L&T plans 6,500 Mw power generation capacity in 4 yrs. (BS)
The steel ministry is planning to set up a special arm under SAIL to spearhead overseas acquisitions, particularly in the mining sector. (BS)
Telenor Group increases its stake in Unitech Wireless from 49% to 60.1% with an investment of Rs15bn. (BL)
IOC plans 26% stake in nuclear power venture with NPCIL. (BS)
Government plans to raise Rs110bn by divesting 5% stake in NTPC. (BL)
RBI may not hike rates in the next six months, says SBI chairman. (TOI)
Ranbaxy Laboratories eyes Bangalore-based biotech company Biovel Life Sciences; deal size is said to be around Rs500mn. (DNA)
National Aluminium plans to set up three subsidiaries to make investments in new businesses. (DNA)
Essar Group plans to acquire a majority stake in Zambia’s state-owned Indeni Refinery, which has a capacity to refine around 1mn tonnes per annum. (Mint)
Sunil Hi Tech Engineers has been awarded a Rs4.9bn Balance of Plant contract by Maharashtra State Power Generation Co. (BL)
Raymond plans to open over 200 stores across the country in the next one and half years to grow its business. (ET)
Setco Automotive plans to invest Rs1bn over the next two years for setting up a new plant for clutch units in Africa (ET)
Natco Pharma to shortly launch its breast cancer drug Albupax. (ET)
Foreign exchange reserves rose by US$22mn to US$284bn, for the week ended January 1. (BL)
Union Government has approved road projects worth Rs61.5bn in five States for upgrading nearly 562km of highways. (BL)
FM has offered a proposal to the states for absorbing 50% of the losses likely to be incurred by them while shifting to the GST regime. (DNA)
Successful bidders at the upcoming auction of 3G services will be allowed to split their payment into two parts. (Mint)
Steel consumption rose close to 8% during April-December 2009, over the year ago period. (ET)
Telecom regulator Trai is planning an alternate solution against moving to 11-digit mobile numbers where it will retain the current 10-digit format but open up digits 2 to 9 for mobile numbers. (ET)
Domestic tourism sector bounces back, about 6.46 lakh foreigners visited the country during December 2009, up 21% compared to 5.34 lakh in the corresponding month the previous year. (ET)
Time to justify!
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. -Peter Lynch.
The bulls will hope the earnings season gives them more reasons to hold on to quality companies and dump the inferior ones. Infosys and Bajaj Auto are the big companies declaring their results today. We expect Infosys to report 0.4% QoQ growth in revenues and 6.3% sequential decline in PAT. For Bajaj Auto, we expect 65% YoY jump in revenues and 189.6% YoY jump in PAT.
IIP data for November is due around noon today, and monthly inflation data is scheduled to be released on Thursday. Industrial output is seen rising by 10% in November from a year earlier after expanding by 10.3% in October. Marketmen will watch these crucial data points for cues on what action, if any, the RBI will take on Jan. 29.
The current phase of consolidation may extend for a few more days till there is further clarity on the health of the economy and India Inc. The NSE Nifty is likely to trade in a broad range of 5182 to 5310. Beware of the unusual spurt in some non-index stocks.
Indian markets had a fairly muted day of trade as bulls and bears both seemed to be on a wait and wait mode. With the results season underway, and key economic data scheduled for this week, traders and investors alike maintained their reluctance towards fresh buying. At the same time, small- and mid-cap stocks continued to hog the limelight and outperformed their frontline peers.
Realty and Telecom stocks were among the other notable gainers. The BSE Oil & Gas index ended in the red thanks to the treasury sale by the index heavyweight Reliance Industries. The stock single handedly dragged the Sensex down by 44 points with the stock itself losing 2%.
Other noteworthy gainers were Bharati Shipyard and ABG Shipyard which were up 20% each.
The BSE Sensex marginally lost 14 points to end at 17,526 after touching a high of 17,776 and a low of 17,500. The Nifty ended flat at 5,249.
Equity markets in Asia ended in the green. The Nikkei in Japan was shut, while Australia's S&P/ASX ended higher by 0.8%. The Shanghai SE Composite declined 0.2% and Hang Seng index in Hong Kong gained 0.6%.
In Europe, stocks were trading higher as well. The DAX in Germany was up 0.8% and the CAC 40 index in France was up 1%. The FTSE in the UK was up 1%.
Coming back to India, among the BSE sectoral indices, the Realty index was the top gainer, adding 2.5%, followed by the Teck index that was up 1% and the BSE Auto index was up 1%. The BSE Mid-Cap index advanced 0.9% while BSE Small-Cap index added 1.8%.
Among the 30-components of Sensex, 15 stocks ended in the negative terrain and 15 ended in the green. Reliance Industries, Wipro, BHEL, Hindalco and SBI were among the top losers.
On the other hand, DLF, Grasim, TCS, Hero Honda, Maruti and JP Associates were among the top gainers.
Outside the frontline indices, the big losers in the broader market were PTC, IFCI, Jain Irrigation and Videocon Industries. On the other hand, gainers included GE shipping, MTNL, Gujarat NRE Coke BEL and Madras Cement.
MBL Infrastructures which started trading at Rs190, a premium of Rs10 over the issue price of Rs180 per share on the BSE ended at Rs205 translating into a premium of 14% against its issue price.
MBL Infrastructure is an integrated infrastructure construction and project development and maintenance company, entered the capital market on November 27, 2009 targeting to raise about Rs1bn, offering 57,00,000 equity shares of Rs10 each at a price band of Rs165 - Rs180.
The IPO proceeds will be invested in capital equipments and used to meet working capital requirements.
Shares of Reliance Industries slipped 2% to end at Rs1081. The Petroleum Trust sold 33mn equity shares of the company realizing nearly Rs34.65bn at an average price of Rs1050 per share.
Reliance Industrial Investments and Holdings Ltd., a wholly owned subsidiary of RIL, is the beneficiary of the Trust.
NTPC Vidyut Vyapar Nigam, the power trading arm of NTPC plans to buy solar power at a rate set by the Central Electricity Regulatory Commission, Minister for New and Renewable Energy Farooq Abdullah said in New Delhi today.
The government plans to add ~20,000MW of solar power capacity in three phases by 2022. The stock gained 1% to end at Rs233, it opened at Rs231 it touched an intra-day high of Rs235 and a low of Rs232 and recorded volumes of over 0.77mn shares on BSE.
SAIL announced that sales of its value-added construction grade products rose 23 % to 417,000 metric tons in the nine months ended Dec. 31. Shares of SAIL gained 1.5% to end at Rs242. The scrip opened at Rs239 it touched an intra-day high of Rs245 and a low of Rs235 and recorded volumes of over 1.4mn shares on BSE.
The Chinese government dropped a rule stipulating that more than 70% of the wind turbines in use in China must be produced domestically, reports stated. The policy change will spur foreign investment in China’s wind-turbine industry.
Shares of Suzlon surged by over 2.5% to end at Rs94.75. The scrip opened at Rs93 it touched an intra-day high of Rs95.20 and a low of Rs92.7 and recorded volumes of over 8.3mn shares on BSE.
Modest gains for US stocks
Technology sector fails to join the rally for second straight day
Without any major catalyst, US stocks lingered in a very narrow range near the unchanged mark for most part of the day on Monday, 11 January 2010. Stocks opened in higher ground amid strength in natural resource. A lack of news flow and other catalysts left stocks to spend most of the session oscillating between red and green.
At the end, Dow managed to eke out modest gains for itself and so did S&P 500. But tech heavy Nasdaq failed to inch up in the green.
At the end of the day on Monday, 11 January, 2010, the Dow Jones Industrial Average ended higher by 45.8 points at 10,663.99. Nasdaq ended lower by 4.76 points at 2312.42. S&P 500 ended higher by 2 points at 1146.98.
Five of ten economic sectors ended in the green led by industrial, utilities, and healthcare sectors. Technology and material sectors lagged. Financial and telecom sectors were almost unchanged.
Alcoa, Chevron and Caterpillar were the main Dow components that led Dow's rally. Chevron and Caterpillar witnessed upgrades at investment firms. Walt Disney remained a main Dow laggard.
Renewed pressure against large-cap tech took the tech sector to a loss. Tech was among the worst performers this session and was been particularly troublesome for the Nasdaq, which lagged the other headline indices for the entire session.
The material sector lent early support stemming from higher commodity prices. The weak dollar and strong trade data from China helped in higher commodity prices. But in the end, the material sector settled with a loss.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell by almost 0.8%. It fell to a three-week low against the euro today.
Yesterday, Chinese government report showed that exports climbed for the first time in 14 months and imports reached record highs. China's imports surged 55.9% in December, while exports rose 17.7% from the same period a year ago. The reports showed that shipments of copper and copper products into China rose to about 369,400 metric tons in December 2009. That was up 27% from November and 29% from a year earlier.
Crude oil prices pared all its early gains on Monday, 11 January 2010. Prices rose initially today due to the sinking dollar. Then traders focused on the fact that crude's recent gains were overdone as extreme cold temperature is expected to give way to some warmer temperature in the next few weeks.
On Monday, crude-oil futures for light sweet crude for February delivery closed at $82.53/barrel (lower by $0.22 or 0.3%). Earlier during the day, prices rose to a high of $84.05, a fifteen-month high figure. Crude ended last week higher by 4.3%. On a year to date basis until date, crude is higher by 4%.
Precious metal prices rose for third straight session on Monday, 11 January 2010. Prices rose as dollar slipped following reports in the market about Federal Reserve insisting to keep interest rates low currently in the US market. The same enhanced the appeal of precious metal as an alternate investment. Strong trade data from China also boosted prices.
On Monday, gold for February delivery ended at $1,151.4 an ounce, higher by $12.5 (1.1%) an ounce on the New York Mercantile Exchange. Year to date in FY 2010, gold has risen by almost 5%. On Monday, March Comex silver futures ended higher by 23 cents (1.2%) at $18.7 an ounce. Year to date in FY 2010, silver has risen by almost 10.8%.
After today's close, Alcoa kicked off the earnings session reporting its fourth quarter earnings which it missed. As per the company, "This was a tough year for the aluminum industry - a price crash, demand destruction, and credit crunch. Yet, today Alcoa is stronger than when the year started."
Indian ADRs ended mixed on Monday. MTNL and Dr Reddys were the main gainers soaring 5% and 2% respectively. WNS Technologies and HDFC Bank were the main losers shedding 2% and 1.5% respectively.
Earnings reports will start to pick up next week mainly. The economic report expected for tomorrow is the trade balance data.
Bullion metals edge up
Prices rise as dollar drops against competitors
Precious metal prices rose for third straight session on Monday, 11 January 2010. Prices rose as dollar slipped following reports in the market about Federal Reserve insisting to keep interest rates low currently in the US market. The same enhanced the appeal of precious metal as an alternate investment. Strong trade data from China also boosted prices.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa.
On Monday, gold for February delivery ended at $1,151.4 an ounce, higher by $12.5 (1.1%) an ounce on the New York Mercantile Exchange. Last week, it had ended higher 3.9%. Year to date in FY 2010, gold has risen by almost 5%.
Last year, after hitting a low at $807.30 per ounce on 15 January 2009, gold futures rallied almost 51% to hit an all-time high at $1217.40 per ounce during early December of 2009 but fell from those levels at the end.
On Monday, March Comex silver futures ended higher by 23 cents (1.2%) at $18.7 an ounce. Last week, silver ended higher by 9.6%. Year to date in FY 2010, silver has risen by almost 10.8%.
Silver futures had hit a low at $10.42 on 15 January 2009 and hit a high at $19.30 per ounce on 2 December 2009. Like gold, silver also ended lower than its all time high level.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell by almost 0.8%. It fell to a three-week low against the euro today.
Yesterday, Chinese government report showed that exports climbed for the first time in 14 months and imports reached record highs. China's imports surged 55.9% in December, while exports rose 17.7% from the same period a year ago. In addition, China's Finance Minister pledged to spend the full amount of planned stimulus in 2010, despite improvements in its economy and efforts to control bank lending.
Gold had ended FY 2009 higher by 24%. Silver futures had ended 2009 up 50%. The dollar index had lost 4.2% against its counterparts last year.
At the MCX, gold prices for February delivery closed higher by Rs 131 (0.55%) at Rs 17,031 per ten grams. Prices rose to a high of Rs 17,104 per 10 grams and fell to a low of Rs 16,911 per 10 grams during the day's trading.
At the MCX, silver prices for March delivery closed Rs 196 (0.69%) higher at Rs 28,434/Kg. Prices opened at Rs 28,280/kg and rose to a high of Rs 28,590/Kg during the day's trading.
Crude pares early gains
Prices end marginally lower at the end
Crude oil prices pared all its early gains on Monday, 11 January 2010. Prices rose initially today due to the sinking dollar. Then traders focused on the fact that crude's recent gains were overdone as extreme cold temperature is expected to give way to some warmer temperature in the next few weeks.
On Monday, crude-oil futures for light sweet crude for February delivery closed at $82.53/barrel (lower by $0.22 or 0.3%). Earlier during the day, prices rose to a high of $84.05, a fifteen-month high figure. Crude ended last week higher by 4.3%. On a year to date basis till date, crude is higher by 4%.
Crude ended FY 2009 higher by 78%, the highest yearly gain since 1999. It reached a high of $82 earlier in October 2009 and hit a low of $33.98 on 12 February 2009. Oil prices had reached a high of $147 on 11 July, 2008 but have dropped almost 44% since then. Crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell by almost 0.8%. It fell to a three-week low against the euro today.
Among other energy products on Monday, heating oil for February delivery fell 2 cents, or 0.8%, to $2.18 a gallon.
Also on Monday, natural gas for February sank 5.9%, or 34 cents, to $5.41 per million British thermal units.
At the MCX, crude oil for January delivery closed Rs 45 (1.2%) lower at Rs 3,744/barrel. Natural gas for January delivery closed lower by Rs 15.6 (5.9%) at Rs 246.7/mmbtu.
Subscribe to:
Posts (Atom)