Sunil Hitech Engineers
Tuesday, February 16, 2010
NSE Bulk Deals to Watch - Feb 16 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-FEB-2010,GOLDINFRA,Goldstone Infratech Ltd.,CAMPHAR SEC. & ADV. P LTD.,BUY,209173,24.78,-
16-FEB-2010,GOLDINFRA,Goldstone Infratech Ltd.,RAJASTHAN GLOBAL SECURITIES LTD,BUY,217119,24.93,-
16-FEB-2010,HIMACHLFUT,Himachal Fut Comm Ltd,KAMAL KUMAR DUGAR & CO (PROP) KAMAL KUM,BUY,2537332,15.98,-
16-FEB-2010,ITI,ITI Ltd.,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,112400,56.68,-
16-FEB-2010,ITI,ITI Ltd.,OM INVESTMENTS,BUY,168605,56.23,-
16-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,N JAYAKUMAR,BUY,400000,13.20,-
16-FEB-2010,SHIVAMAUTO,Shivam Autotech Limited,BP FINTRADE PRIVATE LIMITED,BUY,91546,107.88,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,DKG SECURITIES PVT. LTD.,BUY,1121519,18.50,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,BUY,1596106,19.06,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TANDON VINOD MURLIDHAR,BUY,792089,18.66,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANS FINANCIAL RESOURCES LTD,BUY,1284332,18.94,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANSGLOBAL SECURITIES LTD.,BUY,1078102,19.01,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AANIR SHARES SERVICES,BUY,83042,84.43,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AMAR KANAIYALAL CHAUHAN,BUY,108450,84.35,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AUM SECURITIES PRIVATE LTD.,BUY,100258,84.85,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,CPR CAPITAL SERVICES LTD.,BUY,125565,84.01,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,DEEPAK SHANTILAL CHHEDA,BUY,276691,84.39,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,DINESH MUNJAL(HUF),BUY,164762,84.38,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,479726,84.69,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,BUY,102162,84.66,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,LEO FINANCIAL SERVICES LTD.,BUY,327657,84.43,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,209362,84.90,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,111579,84.42,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,412893,84.47,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,NEPTUNE FINCOT PVT LTD,BUY,123413,85.39,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,BUY,265929,84.70,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,BUY,220000,84.48,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,BUY,140640,85.09,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,SANDIP RASIKLAL SHAH HUF,BUY,117496,84.43,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,SANJAY BHANWARLAL JAIN,BUY,104837,84.81,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,245685,84.42,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,VICKY M GUPTA,BUY,344442,84.33,-
16-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,57707,425.73,-
16-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,71955,431.83,-
16-FEB-2010,BAJAJFINSV,Bajaj Finserv Limited,KOTAK MAHINDRA (UK)LIMITED A/C PREMIER INVESTMENT FUND LTD,SELL,800000,330.05,-
16-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP,SELL,221230,269.62,-
16-FEB-2010,GOLDINFRA,Goldstone Infratech Ltd.,CAMPHAR SEC. & ADV. P LTD.,SELL,9553,26.00,-
16-FEB-2010,GOLDINFRA,Goldstone Infratech Ltd.,CASPIAN PROJECTS PRIVATE LIMITED,SELL,800000,25.56,-
16-FEB-2010,HIMACHLFUT,Himachal Fut Comm Ltd,KAMAL KUMAR DUGAR & CO (PROP) KAMAL KUM,SELL,2537332,16.10,-
16-FEB-2010,ITI,ITI Ltd.,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,103181,56.79,-
16-FEB-2010,ITI,ITI Ltd.,OM INVESTMENTS,SELL,168605,56.31,-
16-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,ROSE BURG INC,SELL,430341,13.26,-
16-FEB-2010,SHIVAMAUTO,Shivam Autotech Limited,BP FINTRADE PRIVATE LIMITED,SELL,84496,107.99,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,DKG SECURITIES PVT. LTD.,SELL,1121519,18.36,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,SELL,1596106,18.75,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TANDON VINOD MURLIDHAR,SELL,792089,19.14,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANS FINANCIAL RESOURCES LTD,SELL,1318332,19.22,-
16-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANSGLOBAL SECURITIES LTD.,SELL,1032097,19.00,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AANIR SHARES SERVICES,SELL,113042,83.67,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AMAR KANAIYALAL CHAUHAN,SELL,76950,85.39,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,AUM SECURITIES PRIVATE LTD.,SELL,100258,84.04,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,CPR CAPITAL SERVICES LTD.,SELL,125565,83.96,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,DEEPAK SHANTILAL CHHEDA,SELL,276691,84.53,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,DINESH MUNJAL(HUF),SELL,164762,84.42,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,479726,84.72,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,SELL,102162,84.79,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,LEO FINANCIAL SERVICES LTD.,SELL,327657,84.32,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,211823,84.95,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,111579,84.37,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,460886,84.48,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,NEPTUNE FINCOT PVT LTD,SELL,142015,85.63,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,SELL,265929,84.72,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,SELL,220000,84.89,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,SELL,140640,85.10,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,SANDIP RASIKLAL SHAH HUF,SELL,117496,84.31,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,SANJAY BHANWARLAL JAIN,SELL,104837,84.78,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,245685,84.44,-
16-FEB-2010,SYNCOM,Syncom Healthcare Ltd,VICKY M GUPTA,SELL,344442,85.26,-
16-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,57007,425.58,-
16-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,71955,432.18,-
16-FEB-2010,TODAYS,Todays Writing Products L,STATE BANK OF HYDERABAD,SELL,98600,22.16,-
Sensex ends sharply higher; ACC stk climbs
The benchmark index Sensex settled on a higher note supported by ACC, Hindalco Industries and Tata Motors. Metal, auto, IT and healthcare stocks gained ground. It started on a quiet note with positive bias and later, it fell into red to bounce back into the positive zone. It traded in a narrow range in the noon. As the day progressed, buying intensified across board on the back of positive opening of European markets to finally closed on a firm note after touching a high of 16,310.39.
On global front, European stocks rose for the sixth time in seven days as earnings from Barclays topped estimates and mining companies rallied. US index futures increased.
At the close, the benchmark 30-share index, BSE Sensex added 188.33 or 1.17% at 16,226.68 with 27 components registering rise. Meanwhile, the broad based NSE Nifty went up by 53.80 or 1.12% at 4,855.75 with 44 components posting rise.
Sensex Movers
Infosys Technologies contributed rise of 25.01 points in the Sensex. It was followed by ICICI Bank (24.12 points), Reliance Industries (21.88 points), Housing Development Finance Corporation (14.19 points) and Larsen & Toubro (10.31 points).
However, Bharti Airtel contributed fall of 24.59 points in the Sensex. It was followed by HDFC Bank (3.42 points), Hero Honda Motors (0.45 points), Tata Power Company (0.63 points) and Reliance Infrastructure (1.16 points).
Major gainers in the 30-share index were ACC (4.27%), Hindalco Industries (3.20%), Tata Motors (3.02%), Hindustan Unilever (2.89%), Jaiprakash Associates (2.49%), and Sterlite Industries (India) (2.34%).
On the other hand, Bharti Airtel (4.54%) as it lost grip on mkts over Zain valuations, HDFC Bank (0.42%), and Hero Honda Motors (0.22%) were the biggest losers in the Sensex.
Mid & Small-cap Space
Asian Star Company (5.58%), Allcargo Global Logistics (2.69%), Andrew Yule and Company (1.48%), Astrazeneca Pharma India (0.93%) and Amtek Auto (0.93%).
Sectors in Limelight
The Metal index was at 15,920.00, up by 247.46 points or by 1.58%. The major gainers were National Aluminium Company (4.25%), Hindalco Industries (3.2%), Gujarat N R E Coke (2.91%), Hindustan Zinc (1.55%) and JSW Steel (1.06%).
The Auto index was at 7,035.11, up by 95.22 points or by 1.37%. The major gainers were Bharat Forge (4.01%), Apollo Tyres (2.65%), Ashok Leyland (0.4%), Bajaj Auto (0.29%) and Escorts (0.04%).
The IT index was at 5,100.98, up by 68.54 points or by 1.36%. The major gainers were Mphasis (1.97%), Infosys Technologies (1.53%), Oracle Financial Services Software (1.39%), Moser Baer (India) (0.59%) and Tech Mahindra (0.01%).
The HC index was at 4,850.08, up by 57.31 points or by 1.20%. The major gainers were Cipla (2.09%), Biocon (1.46%), Bilcare (0.69%), Apollo Hospitals Enterprise (0.13%) and Aurobindo Pharma (0.08%).
Market Breadth
Market breadth was positive with 1,561 advances against 1,247 declines.
Value and Volume Toppers
Bharti Airtel topped the value chart on the BSE with a turnover of Rs. 2,236.65 million. It was followed by Tata Steel (Rs. 931.48 million), Reliance Industries (Rs. 874.24 million) and Syncom Healthcare (Rs. 668.85 million).
The volume chart was led by Dynamic Infotel with trades of over 11.16 million shares. It was followed by Shree Ashtavinayak Cine Vision (10.24 million), Bharti Airtel (8.21 million) and Syncom Healthcare (7.84 million).
BSE Bulk Deals to Watch - Feb 16 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/2/2010 517356 ACI Infocom KUSHAL CHAND JAIN B 121299 18.33
16/2/2010 517356 ACI Infocom VANDANA MINDA B 50000 18.35
16/2/2010 517356 ACI Infocom ASHWANI MINDA B 50000 18.35
16/2/2010 517356 ACI Infocom VIPIN KUSHALCHAND SANKLECHA B 103168 18.47
16/2/2010 517356 ACI Infocom VIPUL GOPANI S 176465 18.39
16/2/2010 517356 ACI Infocom MURTI GOPANI S 162000 18.34
16/2/2010 517356 ACI Infocom ALKESHM GOPANI S 152090 18.33
16/2/2010 530901 ACIL Cot Inds KASTURI TOWERS LTD S 175000 16.60
16/2/2010 532166 Alka Securities HARSHVARDHAN JAIN S 612118 4.91
16/2/2010 532995 Avon Corp VINOD AMRATLAL NAAI B 547982 8.83
16/2/2010 532995 Avon Corp VINOD AMRATLAL NAAI S 324416 8.86
16/2/2010 532977 Bajaj Auto KMUK A/C PREMIER INVESTMENT S 936000 1775.00
16/2/2010 500034 Bajaj Auto Fin RELIANCE CAP. TRUSTEE CO. LTD A/C RELIANCE TAX SAVER ELSS FUND B 803000 288.75
16/2/2010 500034 Bajaj Auto Fin KMUK A/C PREMIER INVESTMENT S 646240 288.76
16/2/2010 532978 Bajaj Finserv KMUK A/C PREMIER INVESTMENT S 750000 330.00
16/2/2010 532485 Balmer Lawr Inv PANKAJ PATEL S 147654 144.49
16/2/2010 531591 Bampsl Sec NAVAL KISHORE GUPTA B 1500000 1.10
16/2/2010 531591 Bampsl Sec ASHOK KUMAR SONI S 454717 1.10
16/2/2010 590076 Camson Bio SANATAN HERBAL AND NATURALS LIMITED S 75000 100.50
16/2/2010 512361 Cupid Trades VIMALESHWAR AND CO B 5000 36.40
16/2/2010 512361 Cupid Trades CHETNA MALANI B 6000 36.40
16/2/2010 512361 Cupid Trades BHAVANA MALANI B 6000 36.40
16/2/2010 512361 Cupid Trades SELECT PRODUCTS P LTD S 20000 36.40
16/2/2010 500117 DCW CRESTA FUND LIMITED B 2550000 20.60
16/2/2010 500117 DCW LOTUS GLOBAL INVESTMENTS LIMITED S 2550000 20.60
16/2/2010 511668 Fact Enterprise SUVIDHA SECURITIES PVT LTD B 95417 21.64
16/2/2010 511668 Fact Enterprise MANISH SHAHTILAL AJMERA S 50000 21.40
16/2/2010 511668 Fact Enterprise Naman Securities & Finance Pvt. Ltd. S 33134 21.43
16/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. B 52584 63.56
16/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. S 52584 63.59
16/2/2010 514167 Ganesh Poly YAGNESH P KOTADIA S 50000 43.08
16/2/2010 532439 Goldstone Infra CASPIAN PROJECTS PRIVATE LIMITED S 600000 24.69
16/2/2010 513059 GS Auto RITU MERCANTILES PVT LTD S 235136 52.80
16/2/2010 513059 GS Auto SANJAYKUMAR CHAMPAKLAL SHAH S 76149 52.74
16/2/2010 504036 Hind Rectifiers TRANSGLOBAL SECURITIES LTD. B 40685 78.27
16/2/2010 504036 Hind Rectifiers VASANTI SHARE BROKAERS LTD B 40392 77.83
16/2/2010 504036 Hind Rectifiers TRANSGLOBAL SECURITIES LTD. S 41685 78.39
16/2/2010 504036 Hind Rectifiers VASANTI SHARE BROKAERS LTD S 40392 78.02
16/2/2010 509635 Hindustan Compo HARDIK BHARAT PATEL B 60000 453.50
16/2/2010 509635 Hindustan Compo RUCHIT BHARAT PATEL S 60000 453.50
16/2/2010 531447 Insutech India ABSOLUTE LEASING & FINANCE PVT LTD B 42150 15.84
16/2/2010 523467 Jai Mata Glass ASMAH SHARES & STOCK BROKERS PVT LTD B 112043 3.84
16/2/2010 523467 Jai Mata Glass NARESH GUPTA B 110642 3.75
16/2/2010 523467 Jai Mata Glass CHIRAG MAHENDRA SHAH B 66997 3.70
16/2/2010 523467 Jai Mata Glass HITESH SHASHIKANT JHAVERI B 175006 3.88
16/2/2010 523467 Jai Mata Glass NARESHCHAND JAIN B 93829 3.76
16/2/2010 523467 Jai Mata Glass MUKESH TAPARIA B 300000 3.88
16/2/2010 523467 Jai Mata Glass MANSI MILAN CHOKSI B 129166 3.86
16/2/2010 523467 Jai Mata Glass MUKUL NANJI JETHVA B 234982 3.88
16/2/2010 523467 Jai Mata Glass M/S RUKHMANI TRADERS B 89153 3.76
16/2/2010 523467 Jai Mata Glass CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 90131 3.87
16/2/2010 523467 Jai Mata Glass SHILPA PODDAR B 100000 3.80
16/2/2010 523467 Jai Mata Glass ASMAH SHARES & STOCK BROKERS PVT LTD S 205412 3.88
16/2/2010 523467 Jai Mata Glass NARESH GUPTA S 115645 3.81
16/2/2010 523467 Jai Mata Glass JAISUKHLAL REVASHANKER VORA S 75000 3.77
16/2/2010 523467 Jai Mata Glass CHIRAG MAHENDRA SHAH S 66997 3.73
16/2/2010 523467 Jai Mata Glass HITESH SHASHIKANT JHAVERI S 150005 3.88
16/2/2010 523467 Jai Mata Glass NARESHCHAND JAIN S 93829 3.85
16/2/2010 523467 Jai Mata Glass NIRMAL MAHTO S 102001 3.70
16/2/2010 523467 Jai Mata Glass MANSI MILAN CHOKSI S 68613 3.87
16/2/2010 523467 Jai Mata Glass MUKUL NANJI JETHVA S 141944 3.88
16/2/2010 523467 Jai Mata Glass M/S RUKHMANI TRADERS S 254154 3.86
16/2/2010 506520 Jayshree Chem POOJA BAGRI S 70000 32.66
16/2/2010 530255 KAY Power NAVAL KISHORE GUPTA B 204350 16.65
16/2/2010 530255 KAY Power BAMPSL SECURITIES LTD B 68832 16.66
16/2/2010 530255 KAY Power ANJALI KAUSHIK B 70000 16.24
16/2/2010 530255 KAY Power SUNIL KUMAR GUPTA B 80700 16.21
16/2/2010 530255 KAY Power SUNDER DASS AGARWAL B 85625 16.23
16/2/2010 530255 KAY Power B.S.KHANDELWAL B 65000 16.21
16/2/2010 530255 KAY Power KAUSHALYA GARG S 466690 16.21
16/2/2010 530255 KAY Power BAMPSL SECURITIES LTD S 53900 16.83
16/2/2010 531515 Mahan Inds SATGURU ENTERPRISES B 300000 4.59
16/2/2010 531515 Mahan Inds YOGENDRA KUMAR GUPTA S 1500000 4.59
16/2/2010 531515 Mahan Inds YOGENDRARAJ SINGHVI S 500000 4.59
16/2/2010 531515 Mahan Inds SHASHI SINGHVI S 500000 4.59
16/2/2010 526195 Neogem India PARAM CAPITAL RESEARCH PVT LTD S 53800 8.50
16/2/2010 532986 Niraj Cement RAJARAM VISHWAS PATIL B 241536 54.44
16/2/2010 532986 Niraj Cement HARSHVARDHAN JAIN B 57900 54.77
16/2/2010 532986 Niraj Cement RAHULMOOLCHAND MEHTA S 54000 54.51
16/2/2010 532986 Niraj Cement RAJARAM VISHWAS PATIL S 183081 53.65
16/2/2010 532986 Niraj Cement HARSHVARDHAN JAIN S 57900 55.41
16/2/2010 533008 OCL Iron GARIMA BUILDPROP PRIVATE LIMITED B 67928854 21.00
16/2/2010 533008 OCL Iron R H DALMIA TRUST S 19000000 21.00
16/2/2010 533008 OCL Iron RAGHU HARI DALMIA S 48928854 21.00
16/2/2010 531496 Omkar Overseas VISHAL M RAMNANI B 40000 49.40
16/2/2010 531496 Omkar Overseas BHUTIYA HITESH KANABHAI B 40000 49.49
16/2/2010 531496 Omkar Overseas JITENDRA KUMAR RATHI S 25000 49.50
16/2/2010 531496 Omkar Overseas AKHANI JAGDISHKUMAR S 25000 49.40
16/2/2010 512097 Oregon Comm SANJAY JETHALAL SONI B 15980 166.63
16/2/2010 512097 Oregon Comm SANJAY JETHALAL SONI B 6323 161.76
16/2/2010 512097 Oregon Comm MEHUL SHANTILAL SANCHETI B 6000 160.05
16/2/2010 512097 Oregon Comm SANJAY JETHALAL SONI S 12868 167.61
16/2/2010 512097 Oregon Comm KRUPA SANJAY SONI S 9115 169.30
16/2/2010 512097 Oregon Comm KRUPA SANJAY SONI S 7804 173.92
16/2/2010 512097 Oregon Comm HALAN PROPERTIES PRIVATE LTD. S 12100 162.40
16/2/2010 511702 Parsharti Inv NIRMALA MAHIPAL B 20200 32.09
16/2/2010 511702 Parsharti Inv J M SONI CONSULTANCY B 15500 32.24
16/2/2010 511702 Parsharti Inv SANJAY JETHALAL SONI S 19678 32.00
16/2/2010 509839 Punjab Wool SUMIT KAUSHAL S 77844 6.55
16/2/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 64354 32.80
16/2/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 130799 60.59
16/2/2010 530271 Rich Capital JHUNJHUNWALA VANASPATI LTD S 40000 61.64
16/2/2010 530271 Rich Capital SIDHANT FINANCIAL SERVICES PVT LTD S 50000 60.40
16/2/2010 532776 Shivam Auto OPG SECURITIES P LTD B 72378 102.73
16/2/2010 532776 Shivam Auto BP FINTRADE PRIVATE LIMITED B 55294 108.06
16/2/2010 532776 Shivam Auto OPG SECURITIES P LTD S 72378 102.84
16/2/2010 532776 Shivam Auto BP FINTRADE PRIVATE LIMITED S 53291 108.02
16/2/2010 532793 Shree Ashtavina TRANSGLOBAL SECURITIES LTD. B 971586 18.92
16/2/2010 532793 Shree Ashtavina TRANS FINANCIAL RESOURCES LIMITED B 1126413 19.24
16/2/2010 532793 Shree Ashtavina TRANSGLOBAL SECURITIES LTD. S 966586 18.97
16/2/2010 505827 SNL Bearings SAHARSH YARN PRIVATE LIMITED B 75000 29.99
16/2/2010 505827 SNL Bearings SAINATH HERBAL CARE MARKETING P.LTD B 65000 30.00
16/2/2010 505827 SNL Bearings ICICI EQUITY FUND S 156350 30.00
16/2/2010 530651 Softech Inf PRASHANT MAHADEV KAMBLE S 20400 97.78
16/2/2010 530651 Softech Inf ASHWIN JAMNUDAS MERCHANT S 42100 101.54
16/2/2010 533157 SYNCOM HEAL REGENT FINANCE CORPORATION PVT. LTD. B 94000 84.83
16/2/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. B 554226 84.72
16/2/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. B 270251 84.55
16/2/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. B 121132 84.52
16/2/2010 533157 SYNCOM HEAL SANJEEV SINGHAL B 331887 84.71
16/2/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD B 464338 84.70
16/2/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED B 124872 85.04
16/2/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PVT LIMITED B 166374 84.98
16/2/2010 533157 SYNCOM HEAL DHANUSHA K. PATEL B 102802 84.64
16/2/2010 533157 SYNCOM HEAL RAKHI KALPESH BHANDARI B 128639 84.59
16/2/2010 533157 SYNCOM HEAL REGENT FINANCE CORPORATION PVT. LTD. S 94000 85.23
16/2/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. S 554226 84.75
16/2/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. S 270251 84.56
16/2/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. S 121132 84.59
16/2/2010 533157 SYNCOM HEAL SANJEEV SINGHAL S 331887 84.67
16/2/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD S 464338 84.73
16/2/2010 533157 SYNCOM HEAL M/S ARV ENTERPRISES S 120000 84.11
16/2/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED S 124872 85.13
16/2/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PVT LIMITED S 166374 84.99
16/2/2010 533157 SYNCOM HEAL DHANUSHA K. PATEL S 87802 84.68
16/2/2010 533157 SYNCOM HEAL RAKHI KALPESH BHANDARI S 128639 84.26
16/2/2010 533121 THINKSOFT SMART EQUITY BROKERS PRIVATE LIMITED B 66183 428.32
16/2/2010 533121 THINKSOFT OPG SECURITIES P LTD B 51460 415.94
16/2/2010 533121 THINKSOFT JMP SECURITIES PVT LTD B 72171 401.42
16/2/2010 533121 THINKSOFT SMART EQUITY BROKERS PRIVATE LIMITED S 66183 429.54
16/2/2010 533121 THINKSOFT JMP SECURITIES PVT LTD S 71407 404.11
16/2/2010 531830 Todays Writing STATE BANK OF HYDERABAD S 91300 22.02
16/2/2010 511431 Vakrangee Soft HIGHPOINT TRADING COMPANY PRIV B 200000 75.50
16/2/2010 532917 Varun Inds HITESH SHASHIKANT JHAVERI B 146970 165.50
16/2/2010 532917 Varun Inds HITESH SHASHIKANT JHAVERI S 138325 165.15
16/2/2010 531574 VAS Infra SAGAR CONSTRUCTIONS B 90000 51.11
16/2/2010 531574 VAS Infra HITESH SHASHIKANT JHAVERI B 100440 51.25
16/2/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 24998 435.32
16/2/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 22481 435.58
16/2/2010 531249 Well Pack Papers AMAR PREMCHAND WALMIKI B 29000 433.02
16/2/2010 531249 Well Pack Papers SANDEEP GOMASE B 43900 434.66
16/2/2010 531249 Well Pack Papers HARDIK MAHESHBHAI PANDYA S 36500 433.05
16/2/2010 531249 Well Pack Papers SANDEEP GOMASE S 43900 434.99
16/2/2010 531249 Well Pack Papers NIOL IMPEX PRIVATE LIMITED S 43900 434.66
16/2/2010 501391 WH Brady ROHNIL BORADIA B 14245 132.19
16/2/2010 501391 WH Brady ROHNIL BORADIA S 14245 130.84
* B - Buy, S - Sell
Nifty February 2010 futures at premium
Turnover rises
Nifty February 2010 futures were at 4,890, at a premium of 34.25 points as compared to the spot closing of 4,855.75. Turnover in NSE's futures & options (F&O) segment increased to Rs 64,999.10 crore from Rs 59,415.62 crore on Monday, 15 February 2010.
Bharti Airtel February 2010 futures were at premium at 275 compared to the spot closing of 273.75.
Tata Steel February 2010 futures were near spot price at 549.25 compared to the spot closing of 550.
Tata Motors February 2010 futures were near spot price at 707.90 compared to the spot closing of 707.80.
In the cash market, the S&P CNX Nifty rose 53.80 points or 1.12% at 4,855.75.
All the sectoral indices on BSE in green
The key benchmark indices jumped as firm global stocks boosted investor sentiment. The BSE 30-share Sensex rose 188.33 points or 1.17%. Capital goods, IT, banking, auto, healthcare and metal stocks led the rally. Index heavyweight Reliance Industries edged higher in volatile trade. The market breadth was positive. All the sectoral indices on BSE were in green.
India VIX, a volatility index based on the S&P CNX Nifty index option prices, fell 3.2% to 28.73. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days.
The market pared gains soon after a firm start triggered by higher Asian stocks. It moved between positive and negative terrain in morning trade. The market regained strength in mid-morning trade. It pared gains once again in early afternoon trade. The Sensex spurted to hit fresh day's high in afternoon trade. It extended gains later. The market witnessed a sharp surge at the fag end of the trading session.
European shares rose on Tuesday, buoyed by stronger banks after Barclays posted forecast-beating results, while oil majors drew strength from rallying crude prices. The key benchmark indices in France, Germany and UK rose by between 0.52% to 0.84%.
Asian shares rose led by Australian financial companies as earnings reports boosted confidence that economic conditions are improving. The key benchmark indices in Japan, Indonesia and South Korea rose by between 0.21% to 1.63%. Many Asian markets were shut for the second day in a row for the Lunar New Year holidays. US markets were closed on Monday 15 February 2010 for the Presidents' Day holiday. US index futures reversed early losses. Trading in US index futures indicated the Dow could gain 37 points at the opening bell on Tuesday, 16 February 2010.
Euro zone states urged Greece on Monday to announce more deficit-control steps by mid-March if needed, but said nothing new of last week's pledge to defend the country if debt market pressures spin out of control. At talks among finance ministers, Greece asked the euro zone to bear with its fiscal plans as announced, and warned that last week's offer of support by EU leaders may not be enough to stem a debt market squeeze on governments in the region.
Closer home, the government's chief statistician Pronab Sen said the wholesale price inflation could cross 10% by end-March 2010, depending on how food prices behave in the next two weeks. The headline inflation in January 2010 accelerated to its fastest pace in more than a year, vaulting above the Reserve Bank's end-March inflation forecast and putting more pressure on the bank to raise borrowing rates. The inflation data comes on the heels of a 16.8% annual surge in industrial output in December.
The wholesale price index rose 8.56% in January from a year earlier, its highest since November 2008 and accelerating from a 7.3% gain in December, data showed on Monday. In January, the Reserve Bank of India (RBI) had raised the wholesale price inflation forecast for the current year to end-March to 8.5% from 6.5%. The government on Monday also revised up the headline number for November to 5.6% from 4.8%, a sign of even more inflationary pressure. The rise was driven by a 17.4% jump in food prices, which rose because of weak monsoon rains and flooding. Inflation in manufacturing picked up to 6.55% from about 5% in December, a sign that inflationary pressures were spreading to other sectors of the economy.
Higher-than-expected government borrowing in the budget might hold off the central bank from aggressively raising rates as it would push up borrowing costs. RBI governor D Subbarao said on Saturday that government borrowing influences monetary policy.
The Reserve Bank of India is widely expected to raise borrowing rates at its April review after it surprised markets with a bigger-than-expected rise in banks' cash reserve requirements in January. The government completed its market borrowing of Rs 4,51,000 crore ($97 billion) for the current fiscal year to end-March early this month and the RBI expects its gross market borrowing next year to be slightly higher than this year.
Economic recovery in Asia has led to inflation resurfacing across the region, which has evoked stronger responses from the region's central banks. China on Friday 12 February 2010 surprised global markets by lifting bank reserve requirements for a second time in two months. The RBI governor, however, has said the bank could not just focus on inflation given growth concerns and a central banker last week said only an "unprecedented, unwarranted" event could prompt the bank to act between scheduled policy meetings.
Purchasing managers' index showed that manufacturing activity in January grew at its fastest pace in almost 1-1/2 years, boosted by a sharp rise in new export orders, while car sales in January rose an annual 32.3%.
The government has been reluctant to commit any rollback in fiscal stimulus but with the economy increasingly looking on a solid footing, there are expectations that it would lay out a roadmap for a stimulus withdraw in its 26 February 2010 annual budget. Last week, the finance minister said India's economy would grow around 7.75% in the fiscal year ending March.
Meanwhile, the government on Monday amended rules for foreign currency convertible bonds (FCCB) to allow issuers to revise their conversion price, a move aimed at reducing price uncertainty in a volatile equity market. The change will give issuers a window of 6 months to adjust the conversion price of their bonds to the higher of either the two weeks average or the six months average of the issuing company's stock. The decision unveiled by the finance ministry applies to companies that issued FCCBs before 27 November 2008.
The BSE 30-share Sensex rose 188.33 points or 1.17% to 16,226.68. The Sensex fell 17.06 points at the day's low of 16,021.29 in morning trade. The barometer index jumped 272.04 points at the day's high of 16,310.39 at the fag end of the trading session.
The S&P CNX Nifty rose 53.80 points or 1.12% to 4,855.75.
The BSE Mid-Cap index rose 0.63% and the BSE Small-Cap index rose 0.54%. Both the indices underperformed the Sensex.
All the sectoral indices on BSE rose. BSE Metal index (up 1.58%), BSE Auto index (up 1.37%), BSE IT index (up 1.36%) and BSE Healthcare index (up 1.2%), outperformed the Sensex. BSE Realty index (up 1.13%), BSE Oil & Gas index (up 1.13%), Bankex (up 1.12%), BSE PSU index (up 1.03%), BSE Capital Goods index (up 1.02%), BSE FMCG index (up 0.84%), BSE Power index (up 0.79%), and BSE Consumer Durables index (up 0.2%), underperformed the Sensex.
BSE clocked turnover of Rs 3724 crore, higher than Rs 3428.15 crore on Monday, 15 February 2010.
The market breadth, indicating the overall health of the market was positive. The breadth moved between positive and negative zone during the day. On BSE, 1549 shares advanced as compared with 1237 that declined. A total of 80 shares remained unchanged.
From the 30-member Sensex pack, 27 rose and rest fell.
Index heavyweight Reliance Industries (RIL) rose 0.99% in volatile trade. RIL recently submitted a $2 billion expression of interest for Value Creation Inc, a Canada-based private firm which holds oil sands assets.
Rate sensitive banking shares rose after the central bank said last week it will introduce from 1 April 2010 a new base rate to price credit more transparently, replacing the existing benchmark prime lending rate (BPLR). India's largest private sector bank by net profit ICICI Bank rose 1.97%. India's largest bank by net profit and branch network State Bank of India rose 1.41%. But, India's second largest private sector bank by net profit HDFC Bank fell 0.42%.
The Reserve Bank of India said the base rate will be the new reference rate for determining lending rates. According to draft guidelines, the RBI has proposed that the actual lending rate charged to borrowers would be the base rate plus borrower-specific charges including product-specific operating cost, credit-risk premium and tenure premium said.
IT stocks reversed early losses on recent strong economic data in the US. US is the largest export market for Indian IT firms. India's third largest software services exporter Wipro rose 1.46%. As per recent reports, Wipro Consumer Care and Lighting, the FMCG arm of Wipro, is in advanced talks to buy Nigeria-based skincare company, Tura International. India's largest IT exporter by sales Tata Consultancy Services rose 1.4%. TCS' Passport Seva Project, which aims to issue passports in flat three days, is all set to be launched shortly. India's second largest IT exporter by sales Infosys rose 1.53%.
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 1.01% to 3,178.10 on Monday, 15 February 2010. Steel Authority of India, Sterlite Industries, National Aluminum Company, Hindustan Zinc, JSW Steel rose by between 1.06% to 4.25%.
India's largest steel maker Tata Steel rose 2.23% ahead of its consolidated Q3 December 2009 result today.
Hindalco Industries rose 3.2% gaining for the third straight day on reports the company hopes to complete raising Rs 4900 crore of debt in the next two weeks to achieve financial closure for Utkal Alumina Refinery, a 15 lakh tonne per annum project in Orissa.
Cement stocks surged as the government may focus on the infrastructure sector in the Union Budget 2010-11 next week. ACC, Ambuja Cements, Ultratech Cement rose by between 4.27% to 5.21%.
India's largest drug maker by sales Ranbaxy Laboratories jumped 7.23%. Daiichi Sankyo recently said it will launch new innovative products in Mexico through the marketing division of Ranbaxy's Mexican subsidiary Ranbaxy Mexico.
Among other healthcare stocks. Biocon, Wockhardt, Cipla, Sun Pharmaceutical Industries, Dr Reddy's Laboratories, Biocon rose by between 0.67% to 2.09%.
India's largest engineering and construction firm by sales Larsen & Toubro rose 0.99%. The company said last week it won orders worth Rs 582 crore.
India's largest power equipment maker by sales Bharat Heavy Electricals rose 1.11% extending gains for the third day. The company last week secured a contract for the electro-mechanical equipment package for a 1,200 megawatt hydroelectric project in Bhutan valued at Rs 1,016 crore.
Among other capital goods stocks, ABB, Siemens and Pnj Lloyd rose by between 0.76% to 5%.
Rate sensitive auto stocks rose on strong sales in the month of January 2010. India's top small car manufacturer by sales Maruti Suzuki India rose 1.6%. As per reports the company expects a 20% growth in sales and hopes to double its exports to around 1.6 lakh units this fiscal ended March 2010. India's biggest tractor maker by sales Mahindra & Mahindra (M&M) rose 2% gaining for the straight third day.
India's largest commercial vehicle maker by sales Tata Motors rose 3.02%.Tata Motors is keen to sell a stake in its vehicle financing arm, Vice Chairman Ravi Kant said on Tuesday. The company said on Monday its global vehicle sales for January nearly doubled to 85,714 units from a year earlier. The sales include UK-based luxury brands Jaguar and Land Rover, whose sales nearly trebled in the month to 16,269 units from a year ago, the company said in a statement. It had earlier said domestic sales, including trucks, buses and cars, jumped an annual 77 % in January.
India's largest mobile services provider by sales Bharti Airtel fell 4.54%, extending a sell-off in the stock on Monday. The stock was the top loser form the Sensex pack. The stock fell on heavy volume of 82.09 lakh shares on BSE. The scrip had tanked 9.2% on Monday on concerns the leading Indian mobile firm's $10.7 billion offer for Kuwaiti Zain's African assets could strain its finances.
Bharti Airtel said on Monday it is in talks to buy the African assets of Kuwaiti telecom Zain for $10.7 billion, a deal that would give India's leading mobile operator a foothold in a largely untapped region with significant growth potential.
The government has resolved the issues related to 3G wireless spectrum auction, but it is not sure if it would happen before the end of the current fiscal year ending on 31 March 2010, Finance Secretary Ashok Chawla said on Tuesday.
Shares of oil exploration firms edged higher as crude oil rose tracking gains in Asian equities. Cairn India (up 1.75%) and Oil & Natural Gas Corporation (ONGC) (up 1.27%), moved up. Crude oil for March delivery rose as much as 42 cents, or 0.6%, to $74.55 a barrel in electronic trading on Tuesday, 16 February 2010. With markets closed Monday in the US for the Presidents' Day holiday, the contract had last settled on Friday, 12 February 2010, at $74.13 when it had lost $1.15 a barrel in New York.
Consumer durables stocks fell on profit taking. Rajesh Exports, Lloyd Electric, Asian Star Company, Gitanjali Gems fell by between 0.1% to 5.56%.
FMCG stocks rose on bargain hunting. Marico, Dabur India, ITC, United Spirits, Hindustan Unilever rose by between 0.1% to 2.89%.
India's largest power utility firm by sales NTPC rose 0.55%. The company's follow on public offer managed to scrape through with the issue getting subscribed 1.2 times. The issue, through which the government is divesting 5% of its stake, at a floor price of Rs 201 a share, opened on 3 February 2010 and closed on 5 February 2010. At the floor price, the follow-on-public offer (FPO) is valued at Rs 8,286 crore.
Among other power stocks, Tata Power Company, Reliance Infrastructure, Reliance Power rose by between 0.23% to 1.1%.
Rate sensitive realty shares rose on bargain hunting. Among realty stocks, Housing Development & Infrastructure, Omaxe, Akruti City, DLF, Indiabulls Real Estate rose by between 0.16% to 1.83%.
Unitech rose 0.2%. Recently Telenor bought a further 7.15% stake in its telecom joint venture Unitech Wireless by pumping in additional Rs 2022 crore of fresh equity.
Three airline companies rose after state-run oil firms on Monday, 15 February 2010, cut aviation turbine fuel price by 2.5% on falling global crude rates.. Kingfisher Airlines (up 1.95%), SpiceJet (up 4.29%) and Jet Airways (India) (up 0.66%), rose. Aviation turbine fuel (ATF) constitutes 35% to 40% of a carrier's operational costs and the reduction in fuel rates would help ease the burden on Indian carriers.
OCL Iron & Steel clocked the highest volume of 6.85 crore shares on BSE. Cals Refineries (3.23 crore shares), Hindustan Fertilisers & Chemicals (1.11 crore shares), Shree Ashtavinayak (1.02 crore shares) and Bharti Airtel (0.82 crore shares) were the other volume toppers in that order.
Bharti Airtel clocked the highest turnover of Rs 223.66 crore on BSE. Bajaj Auto (Rs 169.42 crore), OCL Iron & Steel (Rs 158.39 crore), Tata Steel (Rs 93.14 crore) and Reliance Industries (Rs 87.42 crore) were the other turnover toppers in that order.
Market may open up
Headlines for the day
North block clears decks for 3G auction by March 31 - Business Standard
Ex-GM Europe boss to steer Tata Motors - Business Standard
NHAI sets new norms for project bidding - Business Line
PVR terminates deal to buy DLF's DT Cinemas - Business Standard
RBI may not hike rates before April despite higher inflation - Business Line
Events for the day
Major corporate action:
Ex-date for interim dividend of TVS Srichakra Ltd
Ex-date for dividend of Thiru Arooran
Texmo Pipes & Products Ltd IPO opens today
Pre-market report
Global signals
The European stocks closed higher on Monday as financial lead the gainers chart. FTSE 100 closed 0.49% higher at 5167.
On Monday, US markets were closed on the occasion of Presidents Day.
In today's trade, all the Asian indices are trading higher. An index of China, Singapore and Hong Kong is closed today. At the time of writing of this report SGX Nifty trades 20 points higher.
Indian markets
Domestic market set to open higher on the back of positive signals that are coming from the global markets. However, inflation remain major concern for markets.
Among the local indices, the Nifty could test the 4750-4800 range on the up side, while on the down side it could find support at 4680 and 4700. While the Sensex is likely to get support at 15700 and may face resistance at 16300.
Indian ADR's
On Monday US markets were closed. on Friday, among the Indian ADRs trading on the US bourses, Satyam surged the most with gains of 0.80%, on other hand MTNL fell the most with loss of 0.95%.
Commodity cues
In the commodity space, wherein the Crude oil prices recorded marginal gain, with the Nymex light crude oil for March series rose by $0.08 to settle at $74.21 a barrel.
In the metals space, Comex Gold for April series down by $4.50 to settle at $1090.20 to a troy ounce.
In the metals space, Comex Silver for March series down by $0.18 to settle at $15.41 to a troy ounce.
Daily trend of FII/MF investment in equities
On February 15, 2010, FIIs were the net buyers of the Indian Stocks in the tune of Rs350.90 crore (with the gross purchase of Rs1808.90 crore and gross sales of Rs1458.00 crore).
While the Domestic mutual funds, on February 11, 2010, were the net buyers of the stocks in the tune of Rs1.50 crore (with gross purchase of Rs480.60 crore and gross sales of Rs479.10 crore).
Grey Market Premium - Feb 16 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) |
| Aqua Logistics | 220 | 5 to 6 | -- |
| Thangamayil Jewellery | 75 | 2.50 to 3 | -- |
| D. B. Realty | 468 | 8 to 8.50 | -- |
| Emmbi Polyarns | 40 to 45 | 2 to 3 | -- |
| NTPC (FPO) | 201 | 2 to 2.50 | -- |
| ARSS Infrastructure Projects | 450 | 155 to 160 | -- |
| Hathway Cable & Data Comm. | 240 to 265 | 6 to 7 | -- |
| Texmo Pipes | 85 to 90 | 11 to 12 | 1950 to 2000 |
| Man Infraconst. | 243 to 252 | 60 to 65 | 1800 to 1950 |
Market likely to open positive
Indian equities are likely to open positive on Tuesday, Feb. 16, 2010. SGX Nifty is trading at 4,823 (7.52 am), 28 points higher than Monday`s closing of 4,795.
Asian stocks rose, led by financial companies, as improving earnings in Australia pointed to a strengthening global economic recovery. Japanese benchmark index Nikkei 225 rose 37.41 points, or 0.37%, to trade at 10,050.71.
European stocks rose on the outlook for economic growth and earnings, while the euro weakened as officials gathered to discuss how they plan to help Greece tackle the region`s largest deficit. UK`s benchmark index FTSE 100 advanced 25.02 points, or 0.49%, to end at 5,167.47.
Oil prices hovered above USD 74 a barrel Monday, supported by strong economic growth in Japan but held in check by a stronger dollar. Trading volume was light, however, due to holidays in Asia and the United States. Benchmark crude for March delivery was up 13 cents at USD 74.26 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell USD 1.15 to settle at USD 74.13 on Friday.
In the spot market, the Dollar Index dropped 0.147% to 80.26. It touched a high of 80.40 and a low of 80.23 after opening at 80.36. (21:21 ET)
Daily News Roundup - Feb 16 2010
Rural Electrification Corporation plans to raise US$700mn through External Commercial Borrowing (ECB) and Export Credit Assistance (ECA). (BS)
BP Plc has joined the race with RIL to acquire a majority stake in Canadian oil-sand major, Value Creation, with an offer of US$1.2bn. (BS)
PVR Cinemas has decided to terminate its agreement to acquire real estate developer DLF’s exhibition hall business, DT Cinemas. (BS)
Ballarpur Industries has put in a bid close to US$200m for acquiring Malaysia’s largest integrated paper manufacturer GS Paper & Packaging Group (ET)
Indiabulls Real Estate is considering the demerger of its wholesale trading business, to unlock value from the venture. (BS)
Work on Jaypee Power Ventures Limited (JPVL)’s, a subsidiary of Jaypee Group, 2,700MW hydro project in Arunachal may commence by 2011. (BS)
SBI to provide interest-free seed capital of upto Rs1m to aspiring entrepreneurs under a new scheme – SBI SMILE. (ET)
Shoppers’ Stop plans to add 1mn sq ft over the next three years. (BS)
Bharat Electronics is likely to end the present financial year with an order book of over Rs120bn, a growth of 20% during the year. (BS)
Adani Power enters MP with 1,320MW power project.
Stone India inks JV with Japanese firm for manufacturing air springs. (BS)
GlaxoSmithKline Pharmaceuticals is set to increase its field-force, and introduce several products including patent-protected ones, over the next 12-18 months. (BL)
NTPC ‘in talks' to take over Jharkhand's Patratu power station. (BL)
Ruchi Soya Industries has approved a scheme of amalgamation with Palm Tech India Limited (PTIL), of Andhra Pradesh. (BL)
Four Soft has won a contract from the European firm Len Lothian Ltd for the deployment of its warehouse management system, 4S eLog. (BL)
PVR Cinemas has called off the deal to acquire DT Cinemas. (FE)
The Wholesale Price Index (WPI), surged to a 14-month high of 8.56% in January, beating the Reserve Bank of India’s projection of 8.5% by the end of March. (BS)
The finance ministry has cleared the decks for the auction of third-generation (3G) telecom licences by the end of this financial year, by assuring the law ministry that it would ensure all successful bidders the availability of spectrum by September 1, instead of selectively releasing spectrum depending on availability. (BS)
The National Highways Authority of India (NHAI) has introduced new norms that will bar a developer from bidding for new projects if the company has not been able to achieve financial closure of three or more projects. (BL)
State-owned oil firms to cut aviation turbine fuel (ATF) price by 2.5% on falling global rates to give some relief to Indian carriers. (FE)
Not worth the chance!
Choice, not chance, determines destiny.
The uncertainness in recent times does not really offer much of a choice to take a chance. Brazil’s market is shut on account of the Carnival while a few Asian markets are closed for the Lunar New Year. For India and other world markets that are open for trading, there are hardly any reasons to celebrate - at least for the time being.
If anything, worries have got compounded of late. Concerns over China’s monetary tightening, debt troubles in the EU and the jobless economic recovery in the US are among the woes. Back home, while things appear to be getting better for the economy, inflation, at the same time, is threatening to cross double digits soon.
Budget is just a few days away and could herald partial and calibrated rollback of the fiscal stimulus. Monsoon will be crucial, as India can hardly afford another bad rainy season.
We expect a steady start today. Japan and South Korea have gained modestly while stock benchmarks in Europe rose marginally. Avoid taking any major call on either side. Use the uncertainty and consolidation to rejig your portfolio.
European shares closed higher on Monday, buoyed by gains in the airline sector and a broker upgrade for automaker Renault. The pan-European Dow Jones Stoxx 600 index rose 0.4% to end at 241.92, extending gains from the previous week when the index rose 1.5%.
Disgruntled German voters, the European Commission's new point man on economic and monetary affairs and European Central Bank President Jean-Claude Trichet put added pressure on Greece to further tighten its belt Monday and the euro declined 0.6% to $1.3603 against the dollar.
The UK's FTSE 100 index finished 0.5% higher at 5,167.47, the German DAX index rose 0.2% to end at 5,511.10 and the French CAC-40 index added 0.3% to settle at 3,609.22.
The US equity market was closed Monday for the Presidents Day holiday.
Renault shares jumped 2.4% after the French auto maker was upgraded to overweight from underweight at Morgan Stanley. The broker said the three cash-flow issues that kept it underweight have begun to recede.
Shares of Norwegian fertilizer group Yara International dropped 6.9%. It said that it will pay $41.10 a share, or $4.1 billion in total, for Terra Industries
Yara said the deal will improve its position in the U.S.
Shares of British Airways jumped 2.6%. Over the weekend, AMR Corp.'s American Airlines said that the U.S. Department of Transportation has tentatively approved a proposed transatlantic travel alliance with British Airways, Iberia Airlines, Finnair and Royal Jordanian.
German-based tourism firm Tui AG climbed 9.3% after reporting that its fiscal first-quarter net loss narrowed to 102.8 million euros from 155.1 million euros in the year-earlier period.
Indian markets ended almost near days low on Monday starting off the week with a negative bias. The slide was led by heavy selling in the telecom major Bharti Airtel after it offered to acquire Zain’s African operations. Accelerating inflation numbers coupled with weak cues from the equity markets in Japan and Europe further dampened the sentiments.
The consumer durables index which was the top gainer in the previous week ended shedding 1.5% on Monday. Among the other major losers were, the BSE Teck and Oil & Gas index. Even the Mid-Cap and the Small-Cap indices ended in the red.
The BSE Sensex fell 114 points to end at 16,038 after touching a high of 16,227 and a low of 16,011. The Nifty was down 25 points to end at 4,802.
Markets in China, Taiwan, Hong Kong, Singapore, South Korea and Malaysia are shut today for the Lunar New Year. The Nikkei in Japan ended lower by 0.8%, while Australia's S&P/ASX edged lower by 0.4%.
In Europe, stocks were trading higher. The DAX in Germany was up 0.6% and the CAC 40 index in France was up 0.8%. The FTSE in the UK was up 0.8%.
Coming back to India, among the BSE sectoral indices, the BSE Consumer Durables index was the top loser, shedding 1.5%, followed by Teck index that was down 1.3% and BSE Oil & Gas index was down 1%. The BSE Mid-Cap and BSE Small-Cap index slipped 0.5% each.
Among the 30-components of Sensex, 20 ended in the negative terrain and 10 ended in the green. Bharti Airtel, RCom, Sterlite, Tata Power and Reliance Infra ended in the red. Among the top gainers were Hindalco, BHEL, HDFC Bank and Tata Steel.
Outside the frontline indices, the big losers in the broader market were Bank of India, Shriram Transport, OBC and Videocon Ind. On the other hand, gainers included Jain Irrigation, KSK Energy, Castrol India and EIH.
Shares of Bharti Airtel plunged by over 9% to end at Rs285 after the company offered US$10.7bn for most of the African assets of Kuwait’s Zain. According to reports, Zain is said to have accepted the US$10.7bn offer from Bharti Airtel
Zain entered into exclusive talks with Bharti for the sale of Zain Africa BV until March 25, the Kuwait-based company announced. The proposal does not include Zain’s Morocco or Sudan operations and is subject to due diligence and regulatory approval. There is no guarantee the transaction will be completed, according to the statement.
Tata Motors Group global sales stood at 85,714 nos. in January 2010, a growth of 93% over January 2009. Cumulative sales for the fiscal (April 2009 – January 2010) are 681,480, higher by 13% compared to the corresponding period in 2009-10.
The stock ended flat at Rs682. The scrip opened at Rs690 it touched an intra-day high of Rs702 and a low of Rs680 and recorded volumes of over 0.52mn shares on BSE.
Adani Power received a Letter of Intent by Madhya Pradesh Government for development of 1320 MW Power Project at Chhindwara in Madhya Pradesh. This is a unique project in as much as the project comes with land and other infrastructure facilities and requisite support from the M.P. Government.
The stock ended flat at Rs107. The scrip opened at Rs108 it touched an intra-day high of Rs108.5 and a low of Rs105.3 and recorded volumes of over 0.67mn shares on BSE.
ONGC is reportedly planning to invest US$25-US$30bn in the next 10 years on buying and developing energy assets abroad. ONGC Videsh, is looking at assets in West Africa, Russia and other countries that emerged from the former Soviet Union, and in South America, reports added.
Shares of ONGC fell 1.1% to end at Rs1088. The scrip opened at Rs1101 it touched an intra-day high of Rs1110 and a low of Rs1079 and recorded volumes of over 91,000 shares on BSE.
Indiabulls Real Estate announced that the board of directors discussed a proposal to consider various alternatives to restructure/ reorganize the wholesale trading business of the Company by way of a demerger, on a going concern basis, of the undertakings, business, activities and operations of the Company pertaining to its wholesale trading, including its shareholding in Indiabulls Wholesale Services Ltd., a wholly owned subsidiary of the Company. The restructuring is expected to unlock value and also streamline the operations and ownership structure of the Company.
Shares of Indiabulls Real estate advanced by 1% to end at Rs179. The scrip opened at Rs179.9 it touched an intra-day high of Rs181 and a low of Rs174 and recorded volumes of over 0.68mn shares on BSE.
Ansal Properties plans to set up a biotech park in Lucknow, Uttar Pradesh. The proposed biotech park is being planned within the Company's mega town ship in Lucknow, Sushant Golf City.
Shares of Ansal Properties edged lower by 0.5% to end at Rs69. The scrip opened at Rs69.5 it touched an intra-day high of Rs71 and a low of Rs68 and recorded volumes of over 0.136mn shares on BSE.
Shares of Stone India surged 6.7% to end at Rs76.75 after the company announced that it has executed a Technical Collaboration agreement with Sumitomo Electric Industries, Japan in Nov 2007 for selective manufacturing and assembly of Air Spring systems for Railways in India. Subsequently Stone India commenced bulk supply of Air Springs to Indian Railways.
Shares of Castrol India advanced by 3% to end at Rs701 after the company announced that the board of directors would meet on February 18, 2010 to mull bonus issue. The scrip opened at Rs686 it touched an intra-day high of Rs724 and a low of Rs680 and recorded volumes of over 0.5mn shares on BSE.
Shares of Indore based Syncom Healthcare started trading at Rs90 per share on the NSE as against its issue price of Rs75 per share. After a volatile day of trades on is debut the stock finally ended adding up 17% in comparison with its issue price of Rs75 per share.
The company entered the capital market to raise Rs487.5-562.5mn with the price band of Rs65-75 per equity share from the issue. The issue constituted 42.86% of the fully diluted post issue paid up capital of the company.
On the other hand, Vascon Engineers ended at Rs147 falling 10% as against its issue price of Rs165 on the BSE.
Market may open higher on positive Asian stocks; Tata Steel eyed
The market may open higher on positive Asian stocks. Asian stocks rose on Tuesday, 16 February 2010 led by Australian financial companies as earnings reports boosted confidence that economic conditions are improving. The key benchmark indices in Japan, Indonesia and South Korea rose by between 0.22% to 0.6%.Most Asian markets are shut on Monday and Tuesday for the Lunar New Year holidays.
US markets were closed on Monday 15 February 2010 for the Presidents' Day holiday.
Euro zone states urged Greece on Monday to announce more deficit-control steps by mid-March if needed, but said nothing new of last week's pledge to defend the country if debt market pressures spin out of control. At talks among finance ministers, Greece asked the euro zone to bear with its fiscal plans as announced, and warned that last week's offer of support by EU leaders may not be enough to stem a debt market squeeze on governments in the region.
The headline inflation in January accelerated to its fastest pace in more than a year, vaulting above the Reserve Bank's end-March inflation forecast and putting more pressure on the bank to raise borrowing rates. The inflation data comes on the heels of a 16.8 % annual surge in industrial output in December.
The wholesale price index rose 8.56 % in January from a year earlier, its highest since November 2008 and accelerating from a 7.3 % gain in December, data showed on Monday. In January, the Reserve Bank of India (RBI) had raised the wholesale price inflation forecast for the current year to end-March to 8.5 % from 6.5 %. The government on Monday also revised up the headline number for November to 5.6 % from 4.8 %, a sign of even more inflationary pressure. The rise was driven by a 17.4 % jump in food prices, which rose because of weak monsoon rains and flooding. Inflation in manufacturing picked up to 6.55 % from about 5 % in December, a sign that inflationary pressures were spreading to other sectors of the economy.
Higher-than-expected government borrowing in the budget might hold off the central bank from aggressively raising rates as it would push up borrowing costs. The RBI governor Duvvuri Subbarao said on Saturday that government borrowing influences monetary policy.
The Reserve Bank of India is widely expected to raise borrowing rates at its April review after it surprised markets with a bigger-than-expected rise in banks' cash reserve requirements in January. The government completed its market borrowing of Rs 4,51,000 crore ($97 billion) for the current fiscal year to end-March early this month and the RBI expects its gross market borrowing next year to be slightly higher than this year. Economic recovery in Asia has led to inflation resurfacing across the region, which has evoked stronger responses from the region's central banks. China on Friday 12 February 2010 surprised global markets by lifting bank reserve requirements for a second time in two months. The RBI governor, however, has said the bank could not just focus on inflation given growth concerns and a central banker last week said only an "unprecedented, unwarranted" event.
Purchasing managers' index showed last week manufacturing activity in January grew at its fastest pace in almost 1-1/2 years, boosted by a sharp rise in new export orders, while car sales in January rose an annual 32.3%.
The government has been reluctant to commit any rollback in fiscal stimulus but with the economy increasingly looking on a solid footing, there are expectations that it would lay out a roadmap for a stimulus withdraw in its 26 February 2010 annual budget. Last week, the finance minister said India's economy would grow around 7.75% in the fiscal year ending March.
The government on Monday amended rules for foreign currency convertible bonds (FCCB) to allow issuers to revise their conversion price, a move aimed at reducing price uncertainty in a volatile equity market. The change will give issuers a window of 6 months to adjust the conversion price of their bonds to the higher of either the two weeks average or the six months average of the issuing company's stock.The decision unveiled by the finance ministry applies to companies that issued FCCBs before 27 November 2008.
Among stocks news, India's largest steel maker Tata Steel will announce its consolidated Q3 December 2009 result today.
The key benchmark indices fell on Monday, 15 February 2010 on worries the central bank may take more monetary action to check inflation after the latest data showed that the headline inflation jumped in January 2010. The BSE 30-share Sensex fell 114.24 points or 0.71% to 16038.35 on that day.
As per provisional figures on NSE, foreign funds bought shares worth Rs 195.99 crore and domestic funds sold shares worth Rs 113.97 crore on Monday.
Geodesic
We recommend a buy in Geodesic from a short-term trading perspective. Despite Sensex closing 114 points down on Monday, market breadth was positive and select stocks witnessed buying interest. Such stocks can continue to move higher despite weakness in broader market. Geodesic has been inching higher since the trough of Rs 116.5 formed on February 8. This appears to be the resumption of the uptrend from the lows recorded in March last year. The intermediate-term trend line and the 200-day moving average present at Rs 115 will provide support to the stock in serious declines and the medium-term view on this stock will remain positive as long as this level holds. The 10-day rate of change oscillator has moved above the zero line on Monday signalling that the uptrend can continue. The relative strength index in daily chart is also attempting to rally in to the bullish zone. Short-term targets for the stock are Rs 136 and Rs 141. Short term investors can buy this stock with the stop at Rs 123.
via BL
Turnover declines
Nifty February 2010 futures at discount
Nifty February 2010 futures were at 4,795, at a discount of 6.95 points as compared to the spot closing of 4,801.95. Turnover in NSE's futures & options (F&O) segment was Rs 59,415.62 crore, much lower than Rs 73,749.79 crore on Thursday, 11 February 2010.
Tata Steel February 2010 futures were at discount at 536.30 compared to the spot closing of 539.
Tata Motors February 2010 futures were at discount at 683.25 compared to the spot closing of 684.80.
Reliance Industries February 2010 futures were near spot price at 1008.20 compared to the spot closing of 1009.
In the cash market, the S&P CNX Nifty lost 24.90 points or 0.52% at 4,801.95.
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