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Wednesday, January 20, 2010
Jubilant Foodworks - IPO Oversubscription - Allotment Chances
Qualified Institutional Buyers (QIBs) 59.3882 times
Non Institutional Investors 51.9517 times
Retail Individual Investors (RIIs) 3.7854 times
BSE Bulk Deals to Watch - Jan 20 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
20/1/2010 524412 Aarey Drugs NITA BANKESH BHAVSAR B 28156 51.14
20/1/2010 524412 Aarey Drugs PATEL APEXA JAGDISHBHAI B 36883 51.05
20/1/2010 524412 Aarey Drugs VARSHABEN NAVINBHAI SONI B 25931 51.07
20/1/2010 524412 Aarey Drugs PATEL APEXA JAGDISHBHAI S 41050 50.94
20/1/2010 532331 Ajanta Pharma SETU SECURITIES PVT LTD B 92727 141.45
20/1/2010 532331 Ajanta Pharma HITESH SHASHIKANT JHAVERI B 140035 141.75
20/1/2010 532331 Ajanta Pharma SETU SECURITIES PVT LTD S 85724 140.37
20/1/2010 532331 Ajanta Pharma HITESH SHASHIKANT JHAVERI S 139435 141.68
20/1/2010 505216 Alfred Herbert SURESH TARACHAND JAIN HUF B 4930 176.30
20/1/2010 505216 Alfred Herbert JAYESH MEHTA B 5355 186.34
20/1/2010 505216 Alfred Herbert SURESH TARACHAND JAIN HUF S 4930 186.57
20/1/2010 505216 Alfred Herbert JAYESH MEHTA S 5355 178.55
20/1/2010 512642 Artillegence Bio DHARMICHAND TOSHNIWAL S 22650 2.77
20/1/2010 513401 Ashiana Ispat VISHAL AGARWAL B 27947 15.91
20/1/2010 512109 Aviva Inds SHREYANSHNATH SHARES& FINANCIAL SERVICES PVT LTD B 18500 37.60
20/1/2010 512109 Aviva Inds AANGI SHARES & SERVICES PVT. LTD. B 19000 37.60
20/1/2010 512109 Aviva Inds PRAKASHBHAI NARSINHBHAI PATEL B 13050 37.56
20/1/2010 512109 Aviva Inds NARENDRABHAI AMTRATLAL AMIN B 19500 37.60
20/1/2010 512109 Aviva Inds SUBODHSAGAR SHARES & SERVICES PRIVATE LIMITED B 19250 37.60
20/1/2010 512109 Aviva Inds MEET TRADELINK B 17033 37.60
20/1/2010 512109 Aviva Inds RAJENDRASURI FINANCIAL SERVICES (GUJARAT) PRIVATE LIMITED B 17000 37.60
20/1/2010 512109 Aviva Inds KUNAL KANHAIYALAL SALAWAT S 13000 37.60
20/1/2010 532995 Avon Corp VINOD AMRATLAL NAAI B 361187 8.08
20/1/2010 505506 Axon Infotech PRAMILA NAVIN CHHEDA B 12500 31.00
20/1/2010 505506 Axon Infotech ASHARATAN SHIVCHAND PACHISIA B 4796 30.52
20/1/2010 505506 Axon Infotech PARESH DHIRAJLAL SHAH B 3910 31.00
20/1/2010 505506 Axon Infotech ABSOLUTE LEASING & FINANCE PVT LTD B 47035 30.57
20/1/2010 505506 Axon Infotech CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 9950 31.00
20/1/2010 505506 Axon Infotech GHANSHYAM KAMLESH KACHHAWA S 3318 30.75
20/1/2010 505506 Axon Infotech YOGEETA KASHIRAM KADAM S 32520 30.50
20/1/2010 505506 Axon Infotech ANMOL FINANCE COMPANY S 10000 30.75
20/1/2010 505506 Axon Infotech ABSOLUTE LEASING & FINANCE PVT LTD S 34791 30.86
20/1/2010 505506 Axon Infotech CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 9950 31.00
20/1/2010 531591 Bampsl Sec GIRRAJ PRASAD GUPTA B 367661 0.91
20/1/2010 531591 Bampsl Sec KAUSHALYA GARG S 750000 0.90
20/1/2010 532674 Bannari Amman Spg NAND KISHORE & CO S 200000 115.25
20/1/2010 532443 Cera Sanitary HITESH SHASHIKANT JHAVERI B 44792 246.06
20/1/2010 532443 Cera Sanitary HITESH SHASHIKANT JHAVERI S 37107 245.06
20/1/2010 532363 Compulearn SRECKO INDHAN LIMITED S 79834 25.89
20/1/2010 517973 DMC Intl CENTENARY SOFTWARE PVT LTD B 124968 26.46
20/1/2010 517973 DMC Intl CENTENARY SOFTWARE PVT LTD S 127302 26.50
20/1/2010 530337 Exelon Infra VIPUL VIRENDRAKUMAR PATEL B 45000 51.60
20/1/2010 530337 Exelon Infra ASHLESH GUNVANTBHAI SHAH B 45241 51.33
20/1/2010 530337 Exelon Infra PARESH RAMJIBHAI CHAUHAN B 60000 51.30
20/1/2010 530337 Exelon Infra OMPARKASH GUPTA B 30692 51.14
20/1/2010 530337 Exelon Infra KAMALA KANTA GUPTA S 40000 51.60
20/1/2010 530337 Exelon Infra OTMAL VAGLINGJI PUROHIT S 87856 52.15
20/1/2010 530337 Exelon Infra SRINIVASA RAO MARUPUDI S 100000 51.30
20/1/2010 530337 Exelon Infra OMPARKASH GUPTA S 39675 50.64
20/1/2010 530337 Exelon Infra GANESH KUMAR DHANUKA S 34822 49.00
20/1/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. B 133350 69.73
20/1/2010 590024 Fert & Chem Trv KHANDWALA TRADE LINK CO B 52383 68.76
20/1/2010 590024 Fert & Chem Trv MUKESH KUMAR BACHHAWAT B 38824 68.28
20/1/2010 590024 Fert & Chem Trv OPG SECURITIES P LTD B 56930 70.30
20/1/2010 590024 Fert & Chem Trv R B K SHARE BROKING LIMITED B 79181 69.13
20/1/2010 590024 Fert & Chem Trv BHARAT SECURITIES PVT LTD B 32077 69.02
20/1/2010 590024 Fert & Chem Trv MACY SECURITIES PRIVATE LIMITED B 31460 69.29
20/1/2010 590024 Fert & Chem Trv KAMAL KUMAR JALAN SEC. PVT. LTD B 31755 70.94
20/1/2010 590024 Fert & Chem Trv INVENTURE GROWTH & SECURITIES LTD. B 37608 69.67
20/1/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. S 123350 70.09
20/1/2010 590024 Fert & Chem Trv KHANDWALA TRADE LINK CO S 52393 68.17
20/1/2010 590024 Fert & Chem Trv MUKESH KUMAR BACHHAWAT S 38824 68.73
20/1/2010 590024 Fert & Chem Trv OPG SECURITIES P LTD S 56930 70.12
20/1/2010 590024 Fert & Chem Trv R B K SHARE BROKING LIMITED S 78481 68.13
20/1/2010 590024 Fert & Chem Trv HITESH SHASHIKANT JHAVERI S 97341 70.99
20/1/2010 590024 Fert & Chem Trv BHARAT SECURITIES PVT LTD S 32077 68.72
20/1/2010 590024 Fert & Chem Trv MACY SECURITIES PRIVATE LIMITED S 31460 69.93
20/1/2010 590024 Fert & Chem Trv KAMAL KUMAR JALAN SEC. PVT. LTD S 31755 70.55
20/1/2010 590024 Fert & Chem Trv INVENTURE GROWTH & SECURITIES LTD. S 37608 69.47
20/1/2010 590024 Fert & Chem Trv BP FINTRADE PRIVATE LIMITED S 35979 70.91
20/1/2010 514167 Ganesh Poly DEVPRAKASH YADAVA B 50000 42.05
20/1/2010 526951 Golden Lam NIKU MERCANTILE PVT.LTD B 37000 37.33
20/1/2010 504036 Hind Rectifiers SETU SECURITIES PVT LTD B 39586 82.17
20/1/2010 504036 Hind Rectifiers HITESH SHASHIKANT JHAVERI B 70035 82.20
20/1/2010 504036 Hind Rectifiers Naman Securities & Finance Pvt. Ltd. B 43692 80.10
20/1/2010 504036 Hind Rectifiers JMP SECURITIES PVT LTD B 70014 82.00
20/1/2010 504036 Hind Rectifiers BP FINTRADE PRIVATE LIMITED B 138763 80.60
20/1/2010 504036 Hind Rectifiers SETU SECURITIES PVT LTD S 38066 81.18
20/1/2010 504036 Hind Rectifiers Naman Securities & Finance Pvt. Ltd. S 61502 80.11
20/1/2010 504036 Hind Rectifiers JMP SECURITIES PVT LTD S 70014 81.42
20/1/2010 504036 Hind Rectifiers BP FINTRADE PRIVATE LIMITED S 138047 81.68
20/1/2010 500449 Hindustan Org TRANSGLOBAL SECURITIES LTD. B 459731 57.80
20/1/2010 500449 Hindustan Org TRANSGLOBAL SECURITIES LTD. S 457239 57.79
20/1/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD B 17200 12.30
20/1/2010 511682 IFL Promoters DMC INTERNATIONAL LTD B 15500 12.31
20/1/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD S 16250 12.31
20/1/2010 532658 Indo Asian Fuse PKR HITECH INDUSTRIAL COPORATION LLP B 230000 69.82
20/1/2010 532658 Indo Asian Fuse VPM INDUSTRIAL CORPORATION LLP S 230000 69.82
20/1/2010 523467 Jai Mata Glass GROWMORE PROPERTIES PVT LTD S 452403 2.70
20/1/2010 519248 JVL Agro Inds HITESH SHASHIKANT JHAVERI B 45011 137.50
20/1/2010 519248 JVL Agro Inds BP FINTRADE PRIVATE LIMITED B 41761 134.31
20/1/2010 519248 JVL Agro Inds BP FINTRADE PRIVATE LIMITED S 40761 136.34
20/1/2010 530255 KAY Power BAMPSL SECURITIES LTD. B 111910 15.51
20/1/2010 531602 Koffee Break SUNIL SHAH B 908911 3.11
20/1/2010 500264 Mafatlal Inds ELARA INDIA OPPORTUNITIES FUND LIMITED B 30190 155.80
20/1/2010 500264 Mafatlal Inds ANGEL INFIN PRIVATE LIMITED B 72479 145.95
20/1/2010 500264 Mafatlal Inds JMP SECURITIES PVT LTD B 25278 149.20
20/1/2010 500264 Mafatlal Inds ANGEL INFIN PRIVATE LIMITED S 66270 154.09
20/1/2010 500264 Mafatlal Inds JMP SECURITIES PVT LTD S 25278 153.60
20/1/2010 524138 Mahindra Compo Naman Securities & Finance Pvt. Ltd. B 27037 72.64
20/1/2010 530011 Mangalore Chem TRANSGLOBAL SECURITIES LTD. B 790833 27.20
20/1/2010 530011 Mangalore Chem TRANSGLOBAL SECURITIES LTD. S 790833 27.21
20/1/2010 517467 Marsons RATNAMANI MARKETING PRIVATE LIMITED B 125000 25.03
20/1/2010 517467 Marsons A T INVOFIN INDIA PVT LTD B 126499 25.32
20/1/2010 590111 MASTER N V R SURYA NARAYANA B 44000 58.12
20/1/2010 590111 MASTER P T N V AMBICA RAMASUDARSAN S 68700 58.15
20/1/2010 531453 Mohit Inds KALPESHBHAI VASUDEVBHAI PADHYA B 25000 26.42
20/1/2010 531096 Mount Everest Min JMP SECURITIES PVT LTD B 238770 96.38
20/1/2010 531096 Mount Everest Min JMP SECURITIES PVT LTD S 282274 93.08
20/1/2010 531996 Odyssey Corp REETA GUPTA B 29230 40.02
20/1/2010 531996 Odyssey Corp MOON ENTERPRISES PVT LTD S 26000 40.04
20/1/2010 531496 Omkar Overseas SAURABH KUMAR RASIKLAL GANDHI B 26000 52.80
20/1/2010 531496 Omkar Overseas SAMIR ROHITKUMAR SHAH S 26845 52.80
20/1/2010 531496 Omkar Overseas ALLIANCE CONSULTANCY S 40172 52.50
20/1/2010 532882 Omnitech Info PRIMORE SOLUTIONS PVT.LTD B 144918 190.22
20/1/2010 532882 Omnitech Info PRIMORE SOLUTIONS PVT.LTD S 102727 188.50
20/1/2010 511702 Parsharti Inv KRUPA SANJAY SONI B 16637 42.64
20/1/2010 517417 Patels Airtmp SUNIL SHAH B 50000 114.61
20/1/2010 517417 Patels Airtmp PARASMAL SURESHKUMAR B 30000 103.68
20/1/2010 517417 Patels Airtmp SUNIL SHAH S 30000 118.50
20/1/2010 517417 Patels Airtmp PARASMAL SURESHKUMAR S 30000 118.50
20/1/2010 517417 Patels Airtmp MEGHRAJ TECKCHANDANI S 30000 113.63
20/1/2010 517417 Patels Airtmp BULBUL AHMED S 131263 118.08
20/1/2010 517417 Patels Airtmp BISHAL JAIN S 25675 118.50
20/1/2010 517417 Patels Airtmp KIRAN RAVINDRA KUMAR CHOUDHARY S 30169 118.40
20/1/2010 531769 PFL Infotech KARISHMA DEELIPKUMAR KOTECHA B 45000 20.25
20/1/2010 531769 PFL Infotech ANKITA DEELIPKUMAR KOTECHA B 34915 20.25
20/1/2010 530047 Rai Saheb Rekh SHASHI DEVI BANGUR S 28608 101.15
20/1/2010 523523 Rainbow Papers ISHWAR MITTAL S 45314 121.26
20/1/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 51855 35.21
20/1/2010 590077 Ranklin Sol R O BART B 28020 60.67
20/1/2010 533083 RISHABHDEV MOHAN LAL AGARWAL B 244108 15.86
20/1/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR B 255483 15.66
20/1/2010 533083 RISHABHDEV MOHAN LAL AGARWAL S 244108 15.61
20/1/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR S 255483 15.50
20/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD S 268610 15.50
20/1/2010 530991 Roopa Inds STAR NIOCHEM PVT LTD B 54094 9.19
20/1/2010 531312 Sanraa Media JMP SECURITIES PVT LTD B 4523545 0.96
20/1/2010 526500 Sterling Green DAKSHESH KANTILAL DAVE S 22832 22.32
20/1/2010 512257 Swasti Vinay Gem ABHILASHA MONEY OPERATIONS PVT LTD B 473000 4.95
20/1/2010 512257 Swasti Vinay Gem ALKEN MANAGEMENT & FINANCIAL S B 1000000 4.95
20/1/2010 512257 Swasti Vinay Gem ASHIRWAD SHELTERS PVT. LTD. S 1500000 4.95
20/1/2010 533121 THINKSOFT CPR CAPITAL SERVICES LTD B 53987 457.09
20/1/2010 533121 THINKSOFT TRANSGLOBAL SECURITIES LTD. B 58726 456.51
20/1/2010 533121 THINKSOFT AMAR KANAIYALAL CHAUHAN B 64292 459.41
20/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. B 167604 458.43
20/1/2010 533121 THINKSOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD B 56601 456.02
20/1/2010 533121 THINKSOFT OPG SECURITIES P LTD B 101708 463.42
20/1/2010 533121 THINKSOFT CPR CAPITAL SERVICES LTD S 53987 456.11
20/1/2010 533121 THINKSOFT TRANSGLOBAL SECURITIES LTD. S 58726 454.53
20/1/2010 533121 THINKSOFT AMAR KANAIYALAL CHAUHAN S 64292 457.36
20/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. S 167604 457.07
20/1/2010 533121 THINKSOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD S 56601 455.06
20/1/2010 533121 THINKSOFT OPG SECURITIES P LTD S 101708 463.38
20/1/2010 531830 Todays Writing NAYAN DESAI VIRAJ B 104471 29.07
20/1/2010 531830 Todays Writing ANKITA VISHAL SHAH B 70528 29.85
20/1/2010 531830 Todays Writing NAYAN DESAI VIRAJ S 104471 29.51
20/1/2010 524264 Unimers India KALA HOLDINGS PRIVATE LIMITED B 100000 16.85
20/1/2010 521226 Uniroyal Inds KAVITA GOYAL S 48200 6.35
20/1/2010 531831 Unisys Soft CHITRAKUT HOLDING LTD. B 200000 32.67
20/1/2010 531831 Unisys Soft RAJRATH MERCHANTS P LTD B 150000 32.67
20/1/2010 531831 Unisys Soft MILANDEBI PRASAD MUKHERJEE S 300000 32.67
20/1/2010 531831 Unisys Soft JOHARPAL SINGH S 251569 32.67
20/1/2010 531831 Unisys Soft SAROJ KOTHARI S 235291 33.05
20/1/2010 532765 Usher Agro RUPA PRADIP SHAH B 115000 52.10
20/1/2010 511431 Vakrangee Soft HIGHPOINT TRADING COMPANY PRIV B 200000 77.47
20/1/2010 511431 Vakrangee Soft AZURA PROJECTS PRIVATE LIMITED S 120000 77.44
20/1/2010 530459 Valson Inds SANJAY VISHNUPRABHU GHATE S 22504 27.41
20/1/2010 519307 Vikas WSP JITENDER KUMAR S 936000 34.64
20/1/2010 507410 Walchandnagar SMART EQUITY BROKERS PRIVATE LIMITED B 224729 276.26
20/1/2010 507410 Walchandnagar OPG SECURITIES P LTD B 248404 273.69
20/1/2010 507410 Walchandnagar SMART EQUITY BROKERS PRIVATE LIMITED S 224729 276.57
20/1/2010 507410 Walchandnagar OPG SECURITIES P LTD S 248404 274.02
20/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 27296 412.50
20/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 37462 411.51
20/1/2010 531249 Well Pack Papers NAVNATH SAKHARAM GHONE B 24000 407.17
20/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M S 27365 413.63
20/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 40984 409.60
20/1/2010 530091 Zyden Gentec SAURABH KUMARRASIKLALGANDHI B 190317 2.90
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Jan 20 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,BP FINTRADE PRIVATE LIMITED,BUY,140436,140.09,-
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,RAHUL DOSHI,BUY,116901,141.06,-
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,SETU SECURITIES LTD,BUY,94557,141.54,-
20-JAN-2010,HOCL,Hindustan Org Chem Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,434570,57.72,-
20-JAN-2010,ITI,ITI Ltd.,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,110740,61.63,-
20-JAN-2010,ITI,ITI Ltd.,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,343532,61.58,-
20-JAN-2010,ITI,ITI Ltd.,OM INVESTMENTS,BUY,252895,61.80,-
20-JAN-2010,ITI,ITI Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,189765,61.57,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,BP FINTRADE PRIVATE LIMITED,BUY,1285880,21.55,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,JMP SECURITIES PVT LTD,BUY,1473148,21.55,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,SETU SECURITIES LTD,BUY,933592,21.64,-
20-JAN-2010,MANGCHEFER,Mangalore Chemicals & Fer,TRANSGLOBAL SECURITIES LTD.,BUY,835611,27.26,-
20-JAN-2010,OMNITECH,Omnitech Infosolutions Li,ALFA FISCAL SERVICES PVT LTD,BUY,13368,187.32,-
20-JAN-2010,OMNITECH,Omnitech Infosolutions Li,PRIMORE SOLUTIONS PVT.LTD,BUY,222345,190.72,-
20-JAN-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,BUY,1375000,47.60,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,192308,457.59,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,BUY,66287,459.83,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CPR CAPITAL SERVICES LTD.,BUY,54267,457.99,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,66716,454.97,-
20-JAN-2010,TIDEWATER,Tide Water Oil Co. (India,ARION COMMERCIAL PVT LTD,BUY,20000,5155.34,-
20-JAN-2010,TODAYS,Todays Writing Products L,ANKITA VISHAL SHAH,BUY,162090,29.42,-
20-JAN-2010,VAKRANSOFT,Vakrangee Softwares Limit,RAMCHANDRA SHARMA,BUY,200000,77.13,-
20-JAN-2010,WALCHANNAG,Walchandnagar Ind. Ltd,BP FINTRADE PRIVATE LIMITED,BUY,250330,268.18,-
20-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,1790551,20.74,-
20-JAN-2010,ZICOM,Zicom Electronic Security,EQUITY INTELLIGENCE INDIA PRIVATE LIMITED [P M S],BUY,125000,121.22,-
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,BP FINTRADE PRIVATE LIMITED,SELL,140432,140.15,-
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,RAHUL DOSHI,SELL,101901,141.27,-
20-JAN-2010,AJANTPHARM,Ajanta Pharma Ltd,SETU SECURITIES LTD,SELL,92050,141.59,-
20-JAN-2010,GRANULES,Granules India Limited,EUREKA CREDIT FINANCE PRIVATE LIMITED,SELL,125000,97.67,-
20-JAN-2010,HOCL,Hindustan Org Chem Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,445580,57.80,-
20-JAN-2010,ITI,ITI Ltd.,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,132237,62.04,-
20-JAN-2010,ITI,ITI Ltd.,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,355681,61.75,-
20-JAN-2010,ITI,ITI Ltd.,OM INVESTMENTS,SELL,252895,61.88,-
20-JAN-2010,ITI,ITI Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,189765,61.53,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,BP FINTRADE PRIVATE LIMITED,SELL,1365870,21.54,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,JMP SECURITIES PVT LTD,SELL,1494148,21.53,-
20-JAN-2010,MADRASFERT,Madras Fertilizers Ltd,SETU SECURITIES LTD,SELL,1003575,21.44,-
20-JAN-2010,MANGCHEFER,Mangalore Chemicals & Fer,TRANSGLOBAL SECURITIES LTD.,SELL,835611,27.26,-
20-JAN-2010,OMNITECH,Omnitech Infosolutions Li,ALFA FISCAL SERVICES PVT LTD,SELL,113468,194.10,-
20-JAN-2010,OMNITECH,Omnitech Infosolutions Li,PRIMORE SOLUTIONS PVT.LTD,SELL,124339,187.45,-
20-JAN-2010,SAKHTISUG,Sakthi Sugars Ltd.,Copthall Mauritius Investment Ltd,SELL,302012,92.22,-
20-JAN-2010,SUBEX,Subex Limited,MORGAN STANLEY MAURITIUS COMPANY LTD,SELL,367994,82.07,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,192308,459.14,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,SELL,67787,458.48,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CPR CAPITAL SERVICES LTD.,SELL,54267,459.15,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,SUMTINATH SHARES AND SERVICES,SELL,54733,468.29,-
20-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,65916,456.97,-
20-JAN-2010,TIDEWATER,Tide Water Oil Co. (India,ARION COMMERCIAL PVT LTD,SELL,9920,5203.60,-
20-JAN-2010,TIDEWATER,Tide Water Oil Co. (India,MADANLAL LIMITED,SELL,14000,5151.56,-
20-JAN-2010,TIDEWATER,Tide Water Oil Co. (India,MANTU HOUSING PROJECTS LTD.,SELL,6000,5165.00,-
20-JAN-2010,TODAYS,Todays Writing Products L,ANKITA VISHAL SHAH,SELL,92090,29.52,-
20-JAN-2010,VAKRANSOFT,Vakrangee Softwares Limit,FREA STATIONERY PRIVATE LTD,SELL,121500,77.10,-
20-JAN-2010,WALCHANNAG,Walchandnagar Ind. Ltd,BP FINTRADE PRIVATE LIMITED,SELL,239579,268.40,-
20-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,1781897,20.76,-
Nifty January 2010 futures at discount
Turnover rises
Nifty January 2010 futures were at 5214.55, at a discount of 7.15 points as compared to the spot closing of 5221.70. Turnover in NSE's futures & options (F&O) segment increased to Rs 65,565.50 crore from Rs 63,441.87 crore on Tuesday, 19 January 2010.
Tata Steel January 2010 futures were at discount at 650.30 compared to the spot closing of 652.
ICICI Bank January 2010 futures were near spot price at 874.40 compared to the spot closing of 874.80.
Housing Development & Infrastructure January 2010 futures were near spot price at 371 compared to the spot closing of 370.40.
In the cash market, the S&P CNX Nifty fell 3.95 points or 0.08% at 5,221.70.
ONGC, RIL drag Sensex lower to close flat
The Sensex ended on a quiet note led by realty, oil & gas and PSU stocks, while teck, metal and auto stocks were marginally up. After a positive start, the Sensex slipped into red due to profit taking amid volatility. It continued to trade in the negative terrain as European market opened in red on concern that China, the driver of the global recovery, may rein in stimulus measures, overshadowed gains by health-care companies. Finally the index closed on a flat note after touching a high of 17,590.59 and low of 17,425.05.
Rising inflation was the main concern for the day and assurance came in from the Finance Minister who said that the government is taking all the necessary steps to contain inflation.
Asian stocks fell, dragging the MSCI Asia Pacific Index down for the third straight day, after regulators told some of China`s banks to limit lending. Finance and energy companies led the decline.
Indian equities continued to fall for the second day on Wednesday. At the close, the 30-share benchmark index, BSE Sensex ended flat with a decline of 11.57 points or 0.07% at 17,474.49, 18 components registering drop. while the broad based NSE Nifty closed flat with a decline of 3.95 points or 0.08%, at 5,221.70..
Sensex Movers
Oil & Natural Gas Corporation contributed fall of 19.98 points in the Sensex. It was followed by Reliance Industries (16.22 points), H D F C Bank (10.12 points), Sterlite Industries (India) (7.79 points) and Jaiprakash Associates (6.98 points).
However, I C I C I Bank contributed rise of 20.45 points in the Sensex. It was followed by Bharti Airtel (19.4 points), Tata Steel (12.76 points), Infosys Technologies (10.53 points) and Maruti Suzuki India (7.91 points).
Major gainers in the 30-share index were Bharti Airtel (3.41%), Maruti Suzuki India (2.62%), Tata Steel (2.49%), Hindalco Industries (1.78%), I C I C I Bank (1.59%), and Hindustan Unilever (0.98%).
On the other hand, Jaiprakash Associates (3.12%), Oil & Natural Gas Corporation (2.92%), Sterlite Industries (India) (1.79%), D L F (1.76%), Wipro (1.63%), and Reliance Capital (1.55%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap settled lower -18.99 points or 0.27% at 7,026.92 however the BSE Smallcap gained 6.72 points or 0.07% at 8,982.81 at the closing.
The major losers in the BSE Midcap were Alstom Projects India (1.36%), A I A Engineering (1.2%), Reliance MediaWorks (0.76%), Ackruti City (0.74%) and Aban Offshore (0.46%).
The major gainers in the BSE Smallcap were Alembic (5.39%), Abhishek Industries (4.14%), A B G Shipyard (2.31%), Adhunik Metaliks (0.91%) and Ahluwalia Contracts (India) (0.03%).
Sectors in Limelight
The TECk index was at 3,390.08 up by 24.67 points or by 0.73%. The major gainers were Deccan Chronicle Holdings (5.37%), Dish TV India (3.73%), Bharti Airtel (3.41%), IBN18 Broadcast (3.36%) and Idea Cellular (0.69%).
The Metal index was at 17,937.12 up by 82.68 points or by 0.46%. The major gainers were Jai Corp (20%), Ispat Industries (1.81%), Hindalco Industries (1.78%), Jindal Steel & Power (1.39%) and Jindal Saw (0.58%).
The Auto index was at 7,549.06 up by 32.53 points or by 0.43%. The major gainers were Maruti Suzuki India (2.62%), Bajaj Auto (2.36%), Ashok Leyland (2.02%) and Hero Honda Motors (0.42%).
On the other hand, the Realty index was at 3,930.25 down by 76.66 points or by 1.91%. The major losers were Housing Development and Infrastructure (3.96%), Indiabulls Real Estate (2.04%), D L F (1.76%), Ansal Properties and Infrastructure (0.92%) and Ackruti City (0.74%).
Market Breadth
Market breadth was negative with 1,210 advances against 1,719 declines.
Value and Volume Toppers
Hindustan Copper topped the value chart on the BSE with a turnover of Rs. 2,749.73 million. It was followed by Havell`S India (Rs. 1,768.80 million), Jai Corp (Rs. 1,417.89 million) and Tata Steel (Rs. 1,387.78 million).
The volume chart was led by Cals Refineries with trades of over 24.67 million shares. It was followed by Rashtriya Chemicals & Fertilizers (13.10 million), Vikas Wsp (9.84 million) and Mangalore Chemicals & Fertilzers (8.83 million).
Result
Wipro slipped 1.63% to close at Rs 725.40 in spite of a strong Q3 performance. Wipro, India`s third largest software exporter, announced a rise of 21.27% in consolidated net profit for the quarter ended December 2009. During the quarter, the profit of the company rose to Rs 12.17 billion from Rs 10.04 billion in the same quarter previous year. The consolidated total income for the quarter rose 4.17% to Rs 70.56 billion, when compared with the prior year period.
BASF India announced a phenomenal rise in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 27.44 times to Rs 112.50 million from Rs 4.10 million in the same quarter last year. Net sales for the quarter for the quarter surged 43.39% to Rs 2,881.90 million, while total income for the quarter jumped 43.39% to Rs 2,881.90 million, when compared with the prior year period.
South India based television broadcasting company, Sun TV Network, today announced results for the quarter ended on Dec.31, 2009. Its net profit after taxes registered a growth of 35.37% and stood at Rs 1,519.40 million for the quarter ended Dec. 31, 2009 as compared to Rs 1,122.40 million for the quarter ended Dec. 31, 2008. Total Income has increased 41.42% from Rs 2,852.70 million for the quarter ended Dec. 31, 2008 to Rs 4,034.30 million for the quarter ended Dec. 31, 2009.
India`s first and largest mortgage finance company, Housing Development Finance Corporation (HDFC) today announced results for the quarter ended on Dec.31, 2009. On standalone basis, it registered an increase of 22.75% in net profit after tax for the quarter ended December 31, 2009. It has posted a net profit after tax of Rs 6,712.50 million for the quarter ended December 31, 2009 as compared to Rs 5,468.30 million for the quarter ended December 31, 2008. Total income has decreased 5.56% from Rs 29,248.40 million for the quarter ended Dec. 31, 2008 to Rs 27,622.10 million for the quarter ended Dec. 31, 2009.
Dr Reddy`s Laboratories, a vertically integrated, global pharmaceutical company, today announced consolidated results for the quarter ended on Dec. 31, 2009. The group has posted a consolidated net loss, attributable to the shareholders of the parent, of Rs 2,330.70 million for the quarter ended Dec. 31, 2009 as compared to net profit Rs 1,591.60 million for the quarter ended Dec. 31, 2008. Total income has decreased 4.76% from Rs 18,552.80 million for the quarter ended Dec. 31, 2008 to Rs 17,670 million for the quarter ended Dec. 31, 2009.
Indices unchanged
Today's major news
Wipro Q3 net up by 21% to Rs1,217.4 crore; the stock closes 1.63% lower
HDIL Q3 net fall by 11.96%; the stock slides 3.96%
YES Bank Q3 net up 30%; the stock sheds 3.98%
Sun TV Q3 net jumps 35%; the stock shots up 10.25%
HDFC Q3 net up 22%; the stock rises 0.55%.
Click here for more stories
Post-market summary
Global signals
European indices were trading marginally lower and at the time of writing of this report, FTSE 100 was trading at 5495, 0.32% lower.
All the major Asian indices closed in red except Kospi and Jakarta Composite that closed marginally higher. SGX Nifty closed 14 points lower.
US stock futures opened lower, as investors look forward to earnings of banking stocks.
Indian indices
On buoyant cues from overseas markets, the stock market back home opened higher and extended its gains in the morning trade. However, at noon, it erased all the gains and remained in red till closing. With the day’s high of 17590 and low of 17425 the Sensex closed at 17474, 12 points lower than its previous close. Nifty closed at 5222, 4 points lower than its yesterday’s close.
Sensex sentiment
Of the 2,981 stocks traded on the BSE, 1,699 stocks declined, whereas 1,212 stocks advanced. Seventy stocks closed unchanged.
Sectoral & stock screening
On listless trading almost all the 13 sector indices did not see much change and were up or down only marginally. BSE TECk stocks drew some investor interest with the sector witnessing a rise of 0.73%--the highest for any sector. BSE Realty, BSE Oil & Gas and BSE PSU all were down over 1% each.
On stocks front, Jai Corp surged the most by 20.00% followed by Sun TV that rose 10.25% and Areva T&D that jumped 7.18% up. Among losers, Rashtriya Chemicals and Fertilisers slid the most by 5.49% followed by Praj Industries that fell 4.88%.
Viewing volumes
On stock turnover front, over 1.31 crore shares of Rashtriya Chemicals and Fertilisers changed hands on the BSE followed by Ispat Industries (0.66 crore shares), India’s second largest realtor Unitech (0.59 crore shares), Jai Corp (0.49 crore shares) and wind turbine major Suzlon Energy (0.48 crore shares).
Asian Markets windup Wednesday lower
Liquidity fear drags Shanghai lower while Hang Seng, Nikkei, Sensex follows
Stock markets in Asian region extends losses on Wednesday, 20 January 2010, as selling gathered pace on reports that China had asked banks to stop lending for the rest of January. Fears over a bank lending halt in China overshadowed a strong lead overnight from Wall Street as Asian shares saw mixed trade, while worries over the European economy hit the euro.
On Wall Street, stock markets witnessed strong rally on Tuesday, thanks to the healthcare, technology, and material sectors, Strong earning reports managed to boost stocks. Though stocks made a shaky start at the start of the day, they gained momentum amid some major corporate news in the market. Stocks gained in the face of strong dollar.
At the end of the day, the Dow Jones Industrial Average ended higher by 115.78 points at 10,725.43. Nasdaq ended higher by 32.41 points at 2320.4. S&P 500 ended higher by 14.2 points at 1150.23. Earlier in the day, Dow opened the session higher by 42 points.
In the commodity market, crude oil dropped to its lowest this year in New York on speculation global stockpiles remain more than adequate and as a stronger dollar dampened hedging demand.
Crude oil for February delivery fell as much as 93 cents, or 1.2%, to $77.07 a barrel in electronic trading on the New York Mercantile Exchange, the lowest since 24 December 2009. It traded for $77.64 a barrel, 36 cents lower as of 1:32 p.m. London time.
Brent crude oil for March settlement fell as much as $1.28, or 1.7%, to $75.82 a barrel on the London-based ICE Futures Europe exchange. It traded for $76.29 as of 1:33 p.m. London time.
Gold dropped for the first time in three days in London as a stronger dollar eroded demand for the precious metal as a store of value. Gold for immediate delivery lost $6.38, or 0.6%, to $1,131.82 an ounce at 9:07 a.m. London time. Bullion for February delivery was 0.7% lower at $1,131.80 on the New York Mercantile Exchange’s Comex division.
In the currency market, the U.S. dollar held on to early gains against the euro but was about unchanged against the yen in late Asian trade, as risk aversion slammed the Euro and as concerns about China's efforts to curb lending further dragged sentiment.
The Japanese yen strengthened against greenback on Wednesday. Japan’s currency was quoted at 90.936 per US dollar on Wednesday from yesterday quote at Y91.14 per dollar in New York.
The Hong Kong dollar was trading at HK$ 7.7662 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 trades, the Australian dollar fell almost a cent on Wednesday as China took fresh action to dampen bank lending there, while a slide in the Euro gave a boost to the US dollar. At the local close, the dollar was trading at $US0.9163, down from $US0.9247 late in New York and under chart support at $US0.9170.
In Wellington trades, the New Zealand dollar plunged more than a US cent today after the Consumer Price Index (CPI) for the December quarter was lower than expected and after China was reported to be constraining bank lending. The NZ dollar fell from around US74c to US73.50c after the CPI was reported to have fallen 0.2% in the December quarter to put the annual rate at 2%. The NZ dollar was US72.95c at 5pm from US73.91c at 8 am, and US83.84c at 5pm yesterday.
The South Korean won closed at 1138.20 won to the greenback, down from Tuesday 1127.50 won.
The Taiwan dollar weakened against the greenback. The Taiwan dollar was trading lower against the US dollar at NT$ 31.8360, 0.0360 down from Tuesday's close of NT$31.8000.
In equities, most Asian markets ended lower, as concerns China may step up its tightening measures to cool a rapidly growing economy hit banking and resource shares hard. Several other regional markets also reversed direction or pared early gains made after a strong finish on Wall Street, after the Chinese banking regulator said the nation's banks were expected to make fewer loans this year than in 2009.
In Japan, the share market gave up steam in afternoon trade to extended losing streak for third consecutive day, after reports that Chinese regulators have urged some of its nation’s banks to limit lending spooked investors and wariness ahead of U.S. and Japanese corporate earnings reports.
At the closing bell, the Nikkei 225 Stock Average index was at 10,737.52, dropped 27.38 points or 0.25%, while the broader Topix of all First Section issues on the Tokyo Stock Exchange fell 5.04 points, or 0.53%, to 944.72.
In Mainland China, the stock market dived first time in five trading days after reports that some Chinese banks have been ordered to curb lending spooked local investors, pushing benchmark Shanghai index to 2.9% lower on broad based selling across the sectors. Market players securing gains on speculation Beijing will withdraw stimulus measures to prevent the nation from overheating.
Financials shares tanked after Chinese banking authorities order some banks to stop all lending, including short-term bills, for the rest of the month. Materials and resources and energy stocks dived on renewed concerns over tighter controls on lending growth. Trading firms surrendered yesterday rally after Shanghai denied the rumor that it allow individual overseas investment plan.
Premier Wen Jiabao also indicated "relatively loose monetary policy" in a speech yesterday, hinting at a possible exit of the stimulus measures. He added that China would manage the pace of extending loans to prevent financial risks.
At the end of trade, the Shanghai Composite Index, measuring A shares and B shares on the Shanghai Stock Exchange, stumbled 95.02 points, or 2.93%, to 3,151.85, while the Shenzhen Component Index on the smaller Shenzhen Stock Exchange has lost 434.52 points, or 3.25%, to 12,916.15. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, dropped 3.19%, to 3,395.44
In Hong Kong, the benchmark index dropped on broad based sell off across the sector after Chinese banks were urged to contain lending to tackle bad loans. According to reports, some Chinese banks have been told to stop all lending for the remainder of the month after a burst of credit in the first couple of weeks. Financials and properties tanked after Chinese banking authorities order some banks to stop all lending, including short-term bills, for the rest of the month. Materials and resources dived after lower commodities prices on renewed concerns over tighter controls on lending growth. Energy stocks dived amid expectations of a dismal US crude inventory report.
At the end of session, the Hang Seng Index retracted 391.81 points, or 1.81%, to 21,286.17, while the Hang Seng China Enterprise, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, melted 318.67 points, or 2.53%, to 12,282.09.
In Australia, the share market eroded most of morning gains to finish the session slightly above the gains line, on reports that Chinese regulators told some of the nation’s banks to limit lending and the China signaled it will rein in stimulus measures. At the closing bell, the benchmark S&P/ASX200 index was up 7.0 points, or 0.14%, to 4,868.20, meanwhile the broader All Ordinaries added 5.50 points, or 0.11%, to 4,895.10.
On the economy front, the Westpac-Melbourne Institute index of consumer sentiment increased by 5.6% to 120.1 points in January, from 113.8 in December. The increase reverses declines in both November and December and is now 33% higher than a year ago.
In New Zealand, equities continue to hover in the negative terrain, registering a flat end after declining by almost 20 points yesterday. Strong gains in the United States and European stock markets appeared to make little early impression on the New Zealand share market which managed to just edge ahead in the first few minutes after opening.
At the closing today, the NZX 50 edged down 0.01% or 0.34 points to 3227.25. Meanwhile, the NZX 15 lost 0.14% or 7.9 points to close at 5820.47, losing for the eighth day in a row.
On the economic front, lower food prices in New Zealand helped drive the Consumers Price Index (CPI) down 0.2% in the December quarter. The quarterly decrease, which was also a result of weaker price increases for goods and services, contributed to an annual CPI increase of 2%. Food prices were 2.4% lower during the quarter, lead down by vegetable prices, which decreased by 17.6%, significantly lower than their winter price peaks. Meat, poultry, fish and groceries were also down.
In South Korea, stocks finished higher as investors stepped up bargain hunting. The benchmark Korea Composite Stock Price Index (KOSPI) climbed 4.16 points to end at 1,714.38, erasing losses in the previous session.
On the economic front, South Korea’s trade surplus touched an all-time high of US$40.4 billion last year thanks to a soft local currency and low oil prices. Exports fell 13.9% in 2009 from a year ago to $363.5 billion won, and imports slipped 25.8% to $323.1 billion.
In Singapore, fears over a bank lending halt in China and European economy weighed down the Singapore share lower, despite a strong lead from Wall Street overnight. Banks and properties were lower on concerns over possibly more credit tightening in China and wariness ahead of US and Singapore corporate earnings reports, while worries about Chinese lending squeeze and European economy taking toll on manufacturing and multi-industries shares. At the closing bell, the blue chip Straits Times Index was at 2,893.13, slipped 19.79 points or 0.68%.
In Taiwan, stock market in Taiwan extended losses for the third session on Wednesday, 20 January 2010, dragged by tech heavyweights such as Acer on concerns that the stocks had been overbought after recent gains fuelled by hopes of growing tech demand. The benchmark Taiex share index extended loses to third session, as the index finished day lower by 28.07 points or 0.34% at 8220.93.
On the economic front, following the effort to mop up excessive supply of credit in the market, the Central Bank of Republic of China (Taiwan) has started to jack up market interest rates, a reflection of its gradual shift to a tighter monetary policy.
On Tuesday, the Central Bank of Republic of China absorbed interbank overnight call loans at 0.12% interest rate, via major banks, inducing the average rate for such loans in the market to go up to 0.118%, a nine-month high, up 0.008 of a percentage point. Thanks to the active involvement of the CBC, the outstanding amount of call loans has expanded to NT$250-350 billion, from NT$150 billion previously, with the rate having bounced back from the nadir of 0.095% to 0.118%.
In Philippines, the stock market closed flat, with the market struggling to hold higher as investors remained cautious despite a positive close on Wall Street overnight. The benchmark index PSEi lost 0.02% or 0.71 points to 3,083.86, while the All Shares index tumbled 0.08% or 1.61 points to 1,930.62.
In India, key benchmark indices ended a choppy trading session lower as weak global stocks weighed on investor sentiment. Realty, health care, PSU, FMCG, oil exploration and PSU OMCs stocks fell. But metal stocks rose. The market breadth was weak. The BSE 30-share Sensex was down 11.57 points or 0.07% to 17,474.49. The S&P CNX Nifty was down 3.95 points or 0.08% to 5221.70.
Elsewhere, Malaysia’s Kula Lumpur Composite index finished slightly higher at 1306.62 while stock markets in Indonesia’s Jakarta Composite index inched up by 1.20 points ending the day higher at 2667.27.
In other regional market, European shares weakened in early trading on Wednesday, with negative broker comment weighing on the auto sector and banks lower as investors brace for more results from major U.S. lenders. The German DAX index lost 0.45% or 26.63 points to 5,950, the French CAC-40 index declined 0.44% or 17.67 points to 3992 and the U.K. FTSE 100 index slipped 0.57% or 31.60 points to 5,482
Jubilant Foodworks IPO subscribed 30.68 times
Gets bids for 60.16 crore shares as against 1.96 crore shares on offer
The initial public offer (IPO) of fast-food chain Jubilant Foodworks was oversubscribed 30.68 times, as at 16:00 IST on the final day of the issue on Wednesday, 20 January 2010, National Stock Exchange data showed. The IPO received bids for 60.16 crore shares as against 1.96 crore shares on offer. The IPO had opened for subscription on 18 January 2010.
On 15 January 2010, Jubilant Foodworks said it received bids for 30.6 lakh shares at Rs 145 per share towards the anchor investor portion of the offer. The anchor investors to whom equity shares have been allocated pursuant to the offer include Arisaig Partners, Blackrock, Canara Robeco Mutual Fund, Fidelity, Franklin Templeton, HSBC, Reliance Mutual Fund, SBI Mutual Fund, T Rowe Price and Ward Ferry.
At the issue price of Rs 135-145, on the EPS of Rs 1.1 for FY 2009, the PE works out to 123 to 132 times. However, the PE based on annualized EPS of Rs 3.8 for the six months ended September 2009, works out to 35 to 38 times.
Jubilant Foodworks is offering 2.26 crore equity shares aggregating to approximately Rs 328.72 crore at upper end of the price band and Rs 306.05 crore at the lower end of the price band. The company has fixed an IPO price band of Rs 135-145 per share.
The public offering will include a fresh issue of 40 lakh shares and an offer for sale of more than 1.86 crore shares by India Private Equity Fund (Mauritius) and Indocean Pizza Holding.
Jubilant Foodworks, the exclusive franchisee for Domino's Pizza chain in India, plans to use the funds to prepay term loans and for other general corporate purposes.
The company currently operates over 280 Domino's Pizza outlets across 59 cities in the country. It also has five outlets through sub-franchisee in Sri Lanka and is looking at establishing presence in Nepal and Bangladesh.
The company reported net profi
Realty, oil stocks pull market lower; breadth weak
The key benchmark indices ended a choppy trading session lower, extending losses for the second straight day as weak global stocks weighed on investor sentiment. The BSE 30-share Sensex fell 11.57 points or 0.07%, off close to 115 points from the day's high and up close to 50 points from the day's low. Realty, health care, PSU, FMCG, oil exploration and PSU OMC stocks fell. But metal stocks rose. The market breadth was weak. The Sensex had lost 155.02 points or 0.88% to 17,486.06 on Tuesday, 19 January 2010.
Coming back to today's trade, the market was volatile. Stocks surged at the onset of the trading session tracking overnight rally in US stocks. It pared gains later. The market came off the lower level later in mid-morning trade. The market regained positive terrain after slipping into the red for a brief period in early afternoon trade. The market moved between positive and negative zone later. It slumped to hit fresh intraday low in mid-afternoon trade. The market cut losses later in volatile trade.
Finance minister Pranab Mukherjee said on Wednesday the government was taking steps to contain inflation. The situation is constantly under review, he said.
Food prices will cool off in 1-2 months and inflation will turn around, finance ministry's chief economic advisor Kaushik Basu said in a newspaper interview published on Wednesday. The Reserve Bank of India will hold its quarterly monetary policy review on 29 January 2010 and is widely expected to increase the cash reserve ratio (CRR) requirements for banks, but economists are divided on when it will raise interest rates. CRR is the level of cash that banks must keep in deposit with the central bank. Food prices rose near 20% in December from a year earlier, their highest in 11 years.
Monthly inflation may touch double digits by March 2010, Chief Statistician Pronab Sen told Television media on Tuesday. The wholesale price index rose to 7.31% in December from a year earlier, driven by higher food prices.
Economic growth will accelerate this year, Commerce and Industry Minister Anand Sharma said on Tuesday as he demanded better access to China's markets to help exports. Sharma's call for greater access for goods comes amid a widening trade gap between the two countries. Trade between the two grew rapidly to $50 billion in 2008, making China India's second-largest trading partner, but fell back to $43 billion in 2009 as global trade declined. Sharma called for more Chinese direct investment in India, especially in infrastructure, while noting that Indian firms are already present in China.
The Reserve Bank of India (RBI) on Tuesday allowed the introduction of currency futures in euro, yen and pound sterling, a move would improve liquidity in the derivatives market.
Meanwhile, the initial public offer (IPO) of fast-food chain Jubilant Foodworks was subscribed 30.68 times by 16:00 IST today. The company has fixed IPO price band of Rs 135-Rs 145 per share. Today is the last day of bidding for the IPO
European shares fell on Wednesday on mounting concerns about bank lending restrictions in China. The key benchmark indices in Germany, France and UK fell by between 0.23% to 0.37%
Most Asian markets ended lower Wednesday, as concerns China may step up its tightening measures to cool a rapidly growing economy hit banking and resource shares hard. The key benchmark indices in Singapore, Japan, Taiwan, China, Hong Kong fell by between 0.25% to 2.93%. The Shanghai Composite index was the biggest loser in the region with a near 3% fall. But, key benchmark indices in South Korea and Indonesia rose by between 0.04% to 0.24%.
China's banking regulator said the nation's banks were expected to make fewer loans this year than in 2009. China's top banking regulator Liu Mingkang said Chinese banks were expected to issue about 7.5 trillion yuan ($1.1 trillion) in new loans in 2010 compared to 9.59 trillion yuan in 2009, reflecting efforts to rein in bank lending which nearly doubled last year
US index futures fell as Republican Scott Brown's Massachusetts Senate seat election victory raised concerns over the political and economic outlook in the US. Trading in US index futures indicated the Dow could fall 42 points at the opening bell on Wednesday, 20 January 2010. Brown's victory is seen as dealing a blow to President Barack Obama's legislative plan, including any further needed stimulus down the road, as the Democrats would no longer have 60 seats in Senate, which is needed to block filibusters and get bills enacted.
After an extended weekend, US stocks opened the week on an encouraging note on Tuesday 19 January 2010. Stocks rose to fresh 15-month highs led by healthcare stocks as a key senate-seat vote in Massachusetts on Wednesday could change the course of healthcare reforms. Technology stocks got a boost from anticipation of strong earnings from IBM. IBM's results which were out after the bell were well ahead of expectations. In other earnings, Citigroup hit its earnings target but missed on revenue.
The Dow gained 115.78 points, or 1.1%, to 10,725.43. The Standard & Poor's 500 index added 14.20 points, or 1.3%, to 1,150.23. The Nasdaq composite index rose 32.41 points, or 1.4%, to 2,320.40 on Tuesday.
The world's economy is recovering more strongly than expected and the projected growth rate in 2010 is likely to beat the forecast 3%, Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Wednesday. But he said the recovery was patchy and various regions were rebounding at a varying pace.
Unemployment rates will likely peak in most US cities in 2010, but it will be many more years before jobless rates hit their lows of the last decade, a report released by a US mayors group shows. In some areas, such as California's central valley and cities in Nevada, unemployment rates will stay at or above 10% through 2013, according to the report published on Wednesday by the US Conference of Mayors and research group Global Insight. The mayors group released the report a day ahead of a meeting with US President Barack Obama in which it will seek federal financial aid for small and large cities.
Closer home, the BSE 30-share Sensex fell 11.57 points or 0.07% to 17,474.49. At the day's high of 17,590.59, the Sensex rose 104.53 points at the onset of the trading session. The Sensex fell 61.01 points at the day's low of 17,425.05 in mid- afternoon trade.
The S&P CNX Nifty fell 3.95 points or 0.08% to 5221.70. Nifty January 2010 futures were at 5,214.55, at a discount of 7.15 points as compared to the spot closing of 5,221.70. Turnover in NSE's futures & options (F&O) segment increased to Rs 65565.50 crore from Rs 63,441.87 crore on Tuesday, 19 January 2010.
The market breadth, indicating the overall health of the market, was weak. The breadth was strong earlier in the day. On BSE, 1707 shares declined compared with 1199 that advanced. The remaining 62 stocks remained unchanged.
The BSE Mid-Cap index fell 0.2% and underperformed Sensex. The BSE Small-Cap index rose 0.07% and outperformed Sensex
Secotoral indices on BSE were mixed. BSE Metal index (up 0.46%), BSE Auto index (up 0.43%), BSE Power index (up 0.21%), BSE Capital Goods index (up 0.17%), and BSE IT index (up 0.14%) outperformed the Sensex. The banking sector index Bankex ended flat for the day, outperforming the Sensex which fell 0.07%.
BSE Realty index (down 1.91%), BSE Oil & Gas index (down 1.31%), BSE PSU index (down 1.25%), BSE FMCG index (down 0.29%), BSE Healthcare index (down 0.18%), and BSE Consumer Durables index (down 0.11%), underperformed the Sensex.
Among the 30-member Sensex pack, 12 rose while the rest fell
BSE clocked a turnover of Rs 6157 crore, lower than Rs 6376.80 crore on Tuesday, 19 January 2010.
India's largest mortgage lender by total income HDFC rose 0.55% as net profit jumped 22.75% to Rs 671.25 crore in Q3 December 2009 over Q3 December 2008. The results were announced during market hours today.
Index heavyweight Reliance Industries (RIL) fell 0.69%. RIL last week raised $763 million through a block sale of 3.3 crore shares. RIL, which is bidding for bankrupt LyondellBasell Industries, had previously sold treasury shares to state-owned insurer Life Insurance Corp of India raising $577 million. As per reports last week, RIL had sweetened its offer to buy a controlling stake that valued LyondellBasell at $13.5 billion. RIL will announce its Q3 result on Friday, 22 January 2010.
State-run oil marketing stocks declined on reports the Government has no plans to raise fuel prices as of now. HPCL (down 3.74%), BPCL (down 4.5%), and Indian Oil Corporation (down 2.06%), edged lower.
With global crude prices hovering near $80 per barrel a hike in crude oil price was imminent, reports added. Accordingly, the matter is to be considered next month, based on the recommendations of Kirit Parikh Committee.
Meanwhile, the government has announced Rs 12,000 crore in cash as compensation for the losses incurred by oil-refining companies. But the compensation was insufficient to offset the loss on the sale of subsidized cooking gas and kerosene alone for April-December last year.
Oil exploration stocks declined on decline in crude oil prices. Oil India (down 0.87%), ONGC (down 2.92%), and Cairn India (down 0.74%), slipped.
Fall in crude oil prices will result in lower realisation from crude sales for oil exploration firms. Crude oil for February 2010 delivery fell as much as 65 cents, or 0.8%, to $78.37 a barrel on concerns China may step up efforts to curb credit growth
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 0.35% on Tuesday, 20 January 2010. Steel Authority of India, Hindalco Industries, Jindal Steel & Power, rose by between 1.39% to 2%.
Tata Steel, the world's eighth-largest steelmaker rose 2.49%. 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
But, JSW Steel fell 0.19%. The company today reported net profit of Rs 54.23 crore in Q3 December 2009 compared to a net loss of Rs 127.50 crore in Q3 December 2008.
Rate sensitive realty stocks fell on reports the finance ministry has rejected a proposal by the Department of Industrial Policy and Promotion (DIPP) that had suggested dropping the mandatory three-year lock-in for foreign direct investment in the real estate sector, affecting the prospects of the sector raising funds from overseas.
Unitech, Omaxe, Indiabulls Real Estate, Phoenix Mills fell by between 0.23% to 2.87%.
India's largest realty player by market capitalization DLF fell 1.76%. DLF has reportedly decided to exit from its mutual fund venture, DLF Pramerica Mutual Fund, by selling its entire stake to the overseas partner in the venture, the US-based Prudential Financial, as the company seeks to focus on its core business. Prudential Financial (PFI) is expected to buy DLF's 39% stake in the asset management company that is yet to start operations.
India's largest drugmaker by sales Ranbaxy Laboratories fell 1.92%. The company on Tuesday signed an agreement to acquire product rights and manufacturing facility of Bangalore-based Biovel Lifesciences, for an undisclosed sum.
Among other healthcare stocks, Piramal HealthCare, Biocon, Sun Pharmaceutical Industries fell by between 0.45% to 3.2%.
Dr Reddy's Laboratories rose 1.76% as net profit rose 62.45% to Rs 168.42 crore in Q3 December 2009 over Q3 December 2008. The company announced the result during market hours today.
FMCG stocks fell on profit taking. ITC, Dabur India, United Spirits, Tata Tea fell by between 0.76% to 1.24%.
Shares of consumer durable also fell on profit taking. Videocon Industries, Gitanjali Gems, Asian Star Company, Blue Star fell by between 1.1% to 3.36% .
India's largest power equipment maker by sales Bharat Heavy Electricals (Bhel) was flat. Analysts expect strong Q3 December 2009 results from Bhel, helped by large order book and stable execution. The profitability is likely to surge on the back of increased volumes and lower-cost inventory being used.
A total of seven brokerages expect a between 29% to 47.7% growth in Bhel's net profit at between Rs 1016.90 crore to Rs 1167.60 crore in Q3 December 2009 over Q3 December 2008. Bhel had reported net profit of Rs 790.60 crore in Q3 December 2008. Bhel announces Q3 results on Thursday, 21 January 2010.
India's largest engineering & construction firm by sales Larsen & Toubro (L&T) fell 0.45%. L&T will reportedly invest around Rs 25000 crore to build its thermal power business in the next five years. L&T Power, the wholly-owned subsidiary of L&T, will have a generation capacity of 5,500 megawatts (MW), including hydro power, by 2015. The company will announce its Q3 result on Thursday, 21 January 2010.
The company said recently it has received contracts worth Rs 2,325 crore for commercial and residential construction in Maharashtra, Gujarat, West Bengal and Chandigarh
Among other capital goods stocks, Thermax, BEML, Praj Industries fell by between 0.38% to 4.88%.
Most Auto stocks rose on expectation of good Q3 result. India's largest car maker by sales Maruti Suzuki rose 2.62%. The company said on Saturday 16 January 2010 it has raised the prices of some of its models to recover the rise in input costs. It said the price increases, effective immediately, varied from 0.12% to 1.9% with an average price rise of 0.6%. There was no increase in prices of its recently launched five-seater multipurpose vehicle Eeco, the petrol version of its Swift hatchback and its Gypsy utility vehicles, it said in its statemen. "For some models the increase in the costs are being absorbed by the company, in the light of market situation," it said. Maruti, in which Japan's Suzuki Corp has a 54.2% stake, sells one of every two cars in India.
Maruti Suzuki India reported 50.6% increase in total vehicle sales to 84,804 units in December 2009 over December 2008. Domestic sales rose 36.5% to 71,000 units, while exports surged 223.7% to 13,804 units.
Tata Motors, India's largest commercial vehicle maker by sales, was flat. The company said on Friday 15 January 2010 it sold 74,707 vehicles globally in December 2009, a rise of 84 % from a year earlier. This included sales of Jaguar and Land Rover, which rose 33% from a year earlier to 21,134 vehicles, it said in a statement.
Bajaj Auto rose 2.36% extending gains for the forth day in a row. Net profit surged 189.20% to Rs 507.29 crore on 57.9% spurt in net sales to Rs 3165.84 crore in Q3 December 2009 over Q3 December 2008. The company announced the result after market hours on Tuesday, 12 January 2010. TVS Motor Company rose 2.84%.
India's largest motorcycle maker by sales Hero Honda Motors rose 0.62%. Hero Honda will comfortably exceed its fiscal 2009/10 sales target of 40 lakh units, its managing director Pawan Munjal said to media on 7 January 2010. Sales jumped 74% to 375,838 units in December 2009 over December 2008.
TVS Motor Company rose 1.29% after it reported net profit of Rs 23.53 crore in Q3 December 2009 compared to a net loss of Rs 0.95 crore in Q3 December 2008.
But, India's top truck maker by sales India's largest tractor marker by sales Mahindra & Mahindra (M&M) fell 1.23%. M&M marked its entry into the heavy commercial vehicle (HCV) segment with its unveiling of 25 and 31 tonne trucks with its US-based joint venture partner Navistar Inc.
Mahindra & Mahindra, reported 122% rise in its domestic sales to 22,754 units in December 2009 over December 2008. The company sold a total of 24,001 vehicles (domestic plus exports) in December 2009 as against 11,172 vehicles sold in December 2008.
Power stocks rose after the power minister said government will float request for qualification for 2 ultra mega power projects in 15 days. NTPC, India's largest utility by sales, rose 0.79% snapping last two days losses. The government may reportedly raise as much as Rs 10,300 crore by selling 5% of NTPC, a valuation more than four times at which it first sold shares in 2004, reflecting the soaring demand of the state-run company. NTPC shares in the follow-on offer may be priced between Rs 245 and Rs 250 apiece.
The empowered group of ministers (EGoM) headed by finance minister Pranab Mukherjee will meet on 1 February 2010 to approve the price, reports said. Meanwhile, NTPC reportedly plans to set up a new entity for acquiring coal assets abroad to secure fuel supplies for its coal-based plants. A proposal in this regard is likely to be moved before the company's board soon.
Tata Power Company rose 0.1% as net profit jumped 40.37% to Rs 141.89 crore in Q3 December 2009 over Q3 December 2008. The company announced the result during market hours on Tuesday.
Telecom stocks rose on reports the latest policy flip-flop by the Department of Telecom (DoT) could drive away foreign players from the upcoming 3G auctions by denying them a fair chance of getting 2G spectrum, vital for offering a full complement of telecom services. Absence of foreign players means Indian bidders could get the scarce airwaves for less. India's largest mobile services provider by sales Bharti Airtel rose 3.41%. The company will announce its Q3 result on Friday, 22 January 2010.
India's second largest mobile services provider by sales Reliance Communications rose 0.24%.
Banking stocks fell on profit taking. India's largest bank by net profit and branch network State Bank of India fell 0.61% Non-performing loans (NPAs) in the small and medium enterprise sector (SME) are on the rise, chairman O.P Bhatt said recently. The state-run bank paid advance tax of Rs 1795 crore versus Rs 1700 crore.
India's largest private sector bank by operating income HDFC Bank fell 1.21% on profit taking after recent rally. The bank's net profit jumped 31.6% to Rs 818.50 crore on 5.4% growth in net total income to Rs 3076.90 crore in Q3 December 2009 over Q3 December 2008. The result exceeded market expectations. Its ADR rose 7.74% on Tuesday. The bank announced the result during market hours on Friday, 15 January 2010.
But, India's largest private sector bank by net profit ICICI Bank rose 1.59% extending recent gains. Its ADR jumped 5.39% on Tuesday. The bank will announce its Q3 result on Thursday, 21 January 2010.
After a significant moderation in systems loan growth during the period October-December 2009, the banking system credit growth has gradually started gaining momentum, as per the latest RBI data
IT stocks fell on profit taking after recent strong gains after robust result from Tata Consultancy Services and Infosys. India's third largest software services exporter Wipro dipped 1.63% on profit booking after hitting s 52-week high of Rs 753 in intra-day trade today. The company's consolidated net profit rose 21.26% to Rs 1217.40 crore on 4.17% rise in total income to Rs 7055.80 crore in Q3 December 2009 over Q3 December 2008. The company announced the results before trading hours today, 20 January 2010.
Wipro maintained margins during the December quarter despite a fall in rate realisations and a stronger rupee, the company said on Thursday. Chief Financial Officer Suresh Senapaty said in a statement that the key financial services sector had bounced back on the back of strong outsourcing demand. Its ADR rose 4.64% on Tuesday.
India's largest IT exporter by sales Tata Consultancy Services fell 0.25%. Consolidated net profit as per US accounting standard rose 11% to Rs 1822.20 basis crore on 3% growth in sales to Rs 7650.30 crore in Q3 December 2009 over Q2 September 2009. The third quarter earnings surpassed market estimates as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector. The company announced the results after trading hours on Friday, 15 January 2010
But, IT bellwether Infosys rose 0.62% as its ADR rose 1% on Tuesday. Infosys, last week, 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. The company announced result on Tuesday 12 January 2010.
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.
Some PSU stocks fell on profit taking. State Trading Corporation of India, MTNL, Bharat Electronics, Chennai Petroleum Corporation, Power Finance Corporation fell by between 0.37% to 5.07%.
Cals Refineries clocked the highest volume of 2.46 crore shares on BSE. Rashtriya Chemicals & Fertiliser (1.31 crore shares), Vikas Wsp (0.98 crore shares), Mangalore Chemicals & Fertiliser (0.88 crore shares) and Birla Cotsyn (0.84 crore shares) were the other volume toppers in that order.
Hindustan Copper clocked the highest turnover of Rs 275.02 crore on BSE. Havells India (Rs 176.91 crore), Jai Corp (Rs 141..79 crore), Tata Steel (Rs 138.78 crore) and Rashtriya Chemicals & Fertiliser (Rs 138.77 crore) were the other turnover toppers in that order.
Grey Market Premium - Aqua Logistics, Jubilant Foodworks
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Jubilant Food Works Ltd. | 135 to 145 | 30 to 31 |
| Aqua Logistics | 220 to 230 | 16 to 17 |
| Infinite Computer | 155 to 165 | 40 to 42 |
| Birla Shloka (FPO) | 45 to 50 | Discount |
Wipro's good Q3 result may support market; HDFC result eyed
The market may open higher on better than expected Q3 Result from IT heavyweight Wipro. As per consolidated basis, the company's net profit rose 21.26% to Rs 121/74 crore on 4.17% rise in total income to Rs 7055.80 crore in Q3 December 2009 over Q3 December 2008. The company announced the result before market hours today. Another Index heavyweight, HDFC will announce its Q3 December 2009 result today, 20 January 2010. Asian markets were trading mixed today. While US markets closed higher on Tuesday,
Economic growth will accelerate this year, Commerce and Industry Minister Anand Sharma said on Tuesday as he demanded better access to China's markets to help exports. Sharma's call for greater access for goods comes amid a widening trade gap between the countries. Trade between the two grew rapidly to $50 billion in 2008, making China India's second-largest trading partner, but fell back to $43 billion in 2009 as global trade declined. Sharma called for more Chinese direct investment in India, especially in infrastructure, while noting that Indian firms are already present in China.
Monthly inflation may touch double digits by March 2010, federal Chief Statistician Pronab Sen told Television media on Tuesday. The wholesale price index rose to 7.31 % in December from a year earlier, driven by higher food prices.
The Reserve Bank of India (RBI) on Tuesday allowed the introduction of currency futures in euro, yen and pound sterling, a move would improve liquidity in the derivatives market.
Asian stocks fluctuated on Wednesday as declines among financial companies overshadowed gains by mining companies and Japanese exporters. Chinese regulators asked some banks to limit lending. The key benchmark indices in South Korea, Singapore, Japan and Indonesia rose by between 0.05% to 0.8%. But the key benchmark indices in China, Hong Kong and Taiwan fell by between 0.43% to 1.5%.
After an extended weekend, US stocks opened the week on an encouraging note on Tuesday 19 January 2010. Stocks rose to fresh 15-month highs led by healthcare stocks as a key senate-seat vote in Massachusetts on Wednesday could change the course of healthcare reform. Technology stocks got a boost from anticipation of strong earnings from IBM. Numbers were reported after the bell and were well ahead of expectations. In other earnings, Citigroup hit its earnings target but missed on revenue.
The Dow gained 115.78 points, or 1.1%, to 10,725.43. The Standard & Poor's 500 index added 14.20 points, or 1.3%, to 1,150.23. The Nasdaq composite index rose 32.41 points, or 1.4%, to 2,320.40 on Tuesday.
The world's economy is recovering more strongly than expected and the projected growth rate in 2010 is likely to beat the forecast 3 percent, Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Wednesday. But he said the recovery was patchy and various regions were rebounding at a varying pace.
Closer home, the key benchmark indices lost ground in choppy trade on Tuesday, 19 November 2010 as weakness in world stocks weighed on investor sentiment. Global stocks fell as investors awaited key earnings reports from the US. The BSE 30-share Sensex fell 155.02 points or 0.88% to 17,486.06 on that day.
As per provisional figures on NSE, the foreign funds sold shares worth Rs 361.67 crore and domestic funds bought shares worth Rs 22.54 crore on Tuesday.
Bullion metals add more glaze
Strong dollar limits gains
Precious metal prices ended higher on Tuesday, 19 January 2010 on anticipation of higher investment demand. However, strong dollar limited precious metal's gains. Comex trading was shut yesterday due to a holiday.
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 Tuesday, gold for February delivery ended at $1,140 an ounce, higher by $9.5 (0.8%) an ounce on the New York Mercantile Exchange. Last week, it ended higher by 0.4%. Year to date in FY 2010, gold has risen by almost 4.1%.
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 Tuesday, March Comex silver futures ended higher by 37.3 cents (2%) at $18.8 an ounce. Last week, silver ended higher by 0.5%. Year to date in FY 2010, silver has risen by almost 12.1%.
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 Tuesday, the dollar index, which weighs the strength of dollar against the basket of six other currencies rose by almost 0.8%.
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 99 (0.6%) at Rs 16,933 per ten grams. Prices rose to a high of Rs 16,944 per 10 grams and fell to a low of Rs 16,841 per 10 grams during the day's trading.
At the MCX, silver prices for March delivery closed Rs 217 (0.76%) higher at Rs 28,665/Kg. Prices opened at Rs 28,485/kg and rose to a high of Rs 28,680/Kg during the day's trading.
Crude rises for first time in six days
Prices rise in tandem with US stocks
Crude oil prices ended higher for the first time in six days on Tuesday, 19 January 2010. Prices rose in tandem with US stocks. Last week, it had ended lower on all the days of the week. However, strong dollar limited crude's gains. Nymex trading was shut yesterday due to a holiday.
On Tuesday, crude-oil futures for light sweet crude for February delivery closed at $79.02/barrel (higher by $1.02 or 1.3%). Crude ended last week lower by 5.7%. On a year to date basis till date, crude is lower by 2.1%.
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 46% since then. Crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
In the latest report, the Organization of the Petroleum Exporting Countries said today that world oil demand is forecast to grow by 800,000 barrels a day this year to average 85.1 million barrels a day, representing no major change from last month's forecast.
Paris based, IEA, left its forecasts for global oil demand for 2010 virtually unchanged in its latest monthly report last week. It forecasts demand of 86.3 million barrels a day in 2010, up 1.7%, or 1.4 million barrels a day higher than 2009.
In the currency market on Tuesday, the dollar index, which weighs the strength of dollar against the basket of six other currencies rose by almost 0.8%.
Among other energy products on Tuesday, February gasoline ended higher, up 1.4 cents, or 0.7%, at $2.0591 a gallon. Heating oil for February delivery closed nearly flat, at $2.0454 compared to $2.046 a gallon in the prior floor session.
Also on Tuesday, natural gas for February delivery sank 13 cents, or 2.4%, to $5.557 per million British thermal units.
At the MCX, crude oil for February delivery closed Rs 4 (0.11%) higher at Rs 3,610/barrel. Natural gas for January delivery closed higher by Rs 3.6 (1.4%) at Rs 259.4/mmbtu.
Sensex to open higher, Wipro eyes
Headlines for the day
BHEL eyes acquisition, JVs in US, Europe
Ranbaxy acquires Biovel, enters vaccine line
ONGC to lend Rs5,000 crore to MRPL for expansion
Hiring picks up across sectors
Cadbury accepts $19.7bn Kraft offer
Events for the day
Major corporate action:
Today’s Results: Dr Reddy, Four Soft, HDFC, HDIL, ICRA, JSW Steel, Kingfisher Airlines, Mahindra Lifespace, Polaris Software, Praj Industries, Raymond, Spice Communication, Sun TV, Triveni Engineering, TV 18, TVS Motor, Yes Bank and Wipro.
Jubilant Foodworks IPO closes today.
Pre-market report
Global signals
On Tuesday, the European shares hit 15 month closing high, FTSE 100 closed 0.34% higher at 5513.
US markets closed higher on Tuesday, as technology shares rises. Nasdaq closed 32 points higher at 2320.
In today's trade, All the Asian indices trading higher, except Hang Seng and Shanghai composite that trading lower by 1% each. At the time of writing this report SGX Nifty trading higher by 11 points.
Indian markets
The domestic indices are expected to open higher, and remain volatile following strong 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 5180 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, al the ADRs closed higher except Satyam and Dr Reddy. HDFC Bank surged the most with gain of 7.74% followed by ICICI Bank that advanced 5.39%.
Commodity cues
In the commodity space, wherein the Crude oil prices recorded marginal decline, with the Nymex light crude oil for February series down by $0.40 to settle at $78.63 a barrel.
In the metals space, Comex Gold for February series rise by $10.00 to settle at $1140.50 to a troy ounce.
In the metals space, Comex Silver for March series rise by $0.37 to settle at $18.80 to a troy ounce.
Daily trend of FII/MF investment in equities
On January 19, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs294.70 crore (with the gross purchase of Rs2619.90 crore and gross sales of Rs2325.20 crore).
While the Domestic mutual funds, on January 18, 2010, were the net seller of the stocks in the tune of Rs115.00 crore (with gross purchase of Rs506.50 crore and gross sales of Rs621.50 crore).
Daily News Roundup - Jan 20 2010
The underrecovery of ONGC from sale of gas at the government-fixed price is likely to exceed total revenues from its nominated fields in 2009-10. (BS)
BHEL is exploring opportunities for an acquisition or a joint venture partnership with companies from the US and Europe. (BS)
Ranbaxy has acquired Biovel Lifesciences, a Bangalore-based biotech company making typhoid and influenza vaccines, for an undisclosed sum. (BS)
Zee Entertainment has acquired an additional 45% in Taj TV, Mauritius, the owner of Ten Sports channel through its overseas subsidiary, Zee Sports International Ltd, Mauritius. (BS)
ONGC-Mittal consortium surrendered its offshore exploration block in the Caspian Sea in Turkmenistan. (BL)
The board of Cadbury Plc accepted the final takeover offer of Kraft Foods Inc at £11.9bn (US$19.7bn). (BS)
The government plans to raise upto Rs103bn by selling 5% stake in NTPC. The FPO may be priced between Rs245-Rs250. (ET)
NTPC is planning to invest Rs 80bn to set up another power plant at a site adjacent to the Dabhol unit. (ET)
Unitech has withdrawn its proposal to raise US$700m through FCCB. (ET)
Israeli drugmaker Teva Pharma has filed a patent infringement suit in the US against Lupin that prevents the Indian pharma company from selling the generic or copycat version of Teva’s birth control drug, LoSeasonique, for at least 30 months in a key market. (ET)
Usha Martin is in the process of raising Rs4.68bn through a qualified institutional placement (QIP). (ET)
Indian Oil (IOC) said it has raised US$500mn through issuance of bonds to meet its capital requirements. (ET)
Sebi allowed exchanges to introduce currency futures in three more currencies — euro, yen and pound. (BS)
The Maharashtra government has decided to increase floor space index (FSI) to 3 from the current 2.5 for buildings which have come up between 1940 and 1960. (BS)
The Government will prepare a new subsidy sharing mechanism for fuels that would help the public sector oil marketing companies (OMCs) and upstream companies such as ONGC, Oil India and GAIL (India). The mechanism is expected to be in place by the end of this fiscal. (BL)
Worth the risk!
Take calculated risks. That is quite different from being rash.
Optimism among global investors has returned to the pre-financial crisis levels, says a recent fund manager survey adding that investors are taking on above-average risk for the first time since 2006.
We expect a positive start today, thanks to the overnight rally on Wall Street. Things may turn sideways and lackluster as the day wears on. Taking a broad call on the market as of now is not warranted given the murky outlook and the fact that we are still in the middle of the earnings season.
Derivatives indicators are pointing to a slight weakness though a big crash is not on the cards. The near-term range for the Nifty could prevail at 5200-5300. However, there is no guarantee that 5180 will not be broken. A big positive move out of the current range will be possible, provided the global cues remain healthy and the RBI doesn’t spring a negative surprise.
Wipro's Q3 consolidated revenue have come in at Rs69.66bn while net profit is at Rs12.17bn. TVS topline is likely to rise 25% YoY. Yes Bank NII is likely to grow 48% YoY while PAT will rise 15% YoY.
Results Today: Dr. Reddy's, Gayatri Projects, HDFC, HDIL, ICRA, JK Tyre, JSW Steel, Kingfisher Airlines, Kirloskar Bros, KPIT Cummins, Mahindra Holidays, Mahindra Lifespaces, Mukand, Nitin Fire, Polaris, Praj Industries, Radico Khaitan, Raymond, Sun TV, Triveni Engineering, TV 18, TVS Motor, Wipro and Yes Bank.
Asian markets are trading mixed. US stock indices hit a new 15-month high, spurred by gains in healthcare shares. Both the Dow and the S&P 500 have established support at their 2009 peaks, suggesting bullish momentum is not waning just yet. European shares rose, buoyed by strength in Cadbury, pharma and telecom shares.
Meanwhile, UK CPI data raises the specter of inflation. Sterling was among the few currencies to rise against the dollar and the yen after UK inflation jumped in December.
IBM has issued a quarterly forecast and results that have surpassed Wall Street's expectations, but the stock is down in extended trading.
China’s flood of economic data due out on Thursday, including the latest GDP figures that are expected to be well above 10%, may offer clues as to when Beijing will begin hitting the brakes on its speeding economy.
After being in the positive zone till early afternoon, the bulls seemed to lose their grip on the proceedings after that. The sharp and swift slide was led by intense offloading in the Realty, IT and Telecom stocks. Weak cues from the European markets further dampened the sentiment in the second half.
However, stock specific action was seen across the board, especially in the PSU space on account of the disinvestment buzz. Hindustan Copper, ITI and NMDC were among the notables gainers among the PSUs.
Oil PSUs were also in the thick of things after the Finance Ministry disbursed ~Rs120bn in cash to the state owned oil marketing firms for selling fuel below the cost.
The BSE Sensex was down 155 points to end at 17,486 after touching a high of 17,664 and a low of 17,463. The Nifty was down 49 points to end at 5,226.
Equity markets in Asia ended mixed. The Nikkei in Japan was down 0.9%, while Australia's S&P/ASX ended lower by 1%. The Shanghai SE Composite was up 0.3% and Hang Seng index in Hong Kong ended higher by 1%.
In Europe, stocks were trading in the red. The DAX in Germany was down 0.9% and the CAC 40 index in France was down 0.9%. The FTSE in the UK fell 1%.
Coming back to India, among the BSE sectoral indices, the Realty index was the top loser, shedding 1.8%, followed by the IT index that was down 1.7% and the BSE Teck index was down 1.5%. The BSE Mid-Cap index ended lower by 0.6% while BSE Small-Cap index was down 0.6%.
Among the 30-components of Sensex, 23 stocks ended in the negative terrain and 7 ended in the green. ACC, Hindalco, TCS, Grasim, RCom and JP Associates were among the top losers.
Bucking the negative trend were, BHEL, SBI, HDFC Bank and Sterlite were among the top gainers.
Outside the frontline indices, the big losers in the broader market were PTC India, Renuka Sugar, Praj Ind and Apollo Hospitals. On the other hand, gainers included Hindustan Copper, RCF, NMDC, Jai Corp and Yes Bank.
Shares of Reliance Capital pared gains and ended in lower by 1% to end at Rs906. The stock hit an intra-day high of Rs929.25 after reports stated that the company plans to sell up to 20% in its Reliance Mutual Fund unit to a strategic overseas partner.
Reports also added that, Reliance Capital is likely to appoint investment banks JP Morgan Chase & Co. and UBS AG as advisors to the transaction.
The state owned refining companies hogged the limelight after media reports stated that the government has disbursed ~Rs120bn as cash subsidy to the companies for selling kerosene and cooking gas below cost for the nine months ended Dec. 31.
According to reports, IOC was disbursed Rs70bn, while HPCL and BPCL were compensated with a combined amount of Rs50bn.
Shares of IOC erased gains and ended lower by 2% to Rs318, HPCL also lost ground and ended lower by 3% to end at Rs376 and BPCL fell 2% to end at Rs605.
Shares of eClerx Services surged by over 2.5% to end at Rs494 after the company announced that board of directors will meet on January 28, 2010, to consider a proposal to form a subsidiary overseas. The scrip opened at Rs478 it touched an intra-day high of Rs508 and a low of Rs473 and recorded volumes of over 26,000 shares on BSE.
McNally Bharat announced that it signed an exclusive technical partnership agreement with Hiflux Ltd, Singapore for constructing Sea Water Desalination, Water and Waste Water Plant in Industrial, Municipal and Agricultural Sector within the geographical territory or India.
Shares of McNally Bharat advanced by 2.5% to end at Rs278. The scrip opened at Rs274 it touched an intra-day high of Rs289 and a low of Rs270 and recorded volumes of over 77,000 shares on BSE.
BGR Energy announced that the environmental engineering division of the company has secured a contract for Design, Engineering, Supply, Erection and Commissioning of large "Total Water System" from Adhunik Power & Natural Resources Ltd, Jharkhand, for its 2 x 270 MW Super Thermal Power Plant.
The stock ended lower by 2.5% to end at Rs530, the scrip opened at Rs549 it touched an intra-day high of Rs560 and a low of Rs527 and recorded volumes of over 0.13mn shares on BSE.
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