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Wednesday, March 10, 2010
RIL, HDFC, ITC lift Sensex higher; TECk, IT slip
The benchmark 30-share index, BSE Sensex ended in the positive terrain led by Hero Honda Motors, ACC and Reliance Industries. Oil & gas, FMCG and realty stocks edged higher, while teck, IT and healthcare stocks declined. Broader markets also dropped marginally. Whereas Nifty sustained above the crucial 5,100 level. It opened on a flat note with positive bias and later gained further ground on sustained buying seen in index heavyweights. In the second half, the index pared most of its gains due to profit taking seen at higher levels. Finally it ended in green after touching a high of 17,183.51.
At the close, the Sensex gained 45.79 points or 0.27% at 17,098.33 with 18 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 14.75 points or 0.29% at 5,116.25 with 31 components posting rise.
On global front, European stocks open in green as the Stoxx Europe 600 Index remained near a seven-week high for a third straight day. US futures were also little changed. On the other hand, Asian stocks ended mixed as shipping lines and oil companies declined, while Australia`s largest telephone company rose on speculation it will avoid a breakup.
Sensex Movers
Reliance Industries contributed rise of 39.08 points in the Sensex. It was followed by Housing Development Finance Corporation (13.48 points), ITC (10.68 points), Tata Consultancy Services (8.77 points) and Hero Honda Motors (7.4 points).
However, Infosys Technologies contributed fall of 15.32 points in the Sensex. It was followed by ICICI Bank (10.26 points), Larsen & Toubro (8.97 points), NTPC (6.16 points) and Bharti Airtel (5.63 points).
Biggest gainers in the 30-share index were Hero Honda Motors (2.94%), ACC (2.21%), Reliance Industries (1.80%), Jaiprakash Associates (1.75%), Housing Development Finance Corporation (1.52%), and Tata Consultancy Services (1.49%).
On the other hand, NTPC (1.38%), Maruti Suzuki India (1.34%), Bharti Airtel (1.10%), Infosys Technologies (0.90%), Sun Pharmaceutical Industries (0.80%), and Larsen & Toubro (0.78%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6725.94 down by 8.71 points or by 0.13%. The major losers were Andhra Bank(2.19%), Anant Raj Industries (1.26%), Allahabad Bank (1.16%), Reliance MediaWorks (0.4%) and Alfa-Laval (India) (0.06%).
The BSE Smallcap index was at 8512.57 down by 18.15 points or by 0.21%. The major losers were Allied Digital Services (2.16%), Provogue (India) (1.14%), Alembic (0.65%), A B G Infralogistics (0.45%) and Genesys International Corporation (0.25%).
Sectors in Limelight
The TECk index was at 3,264.11, down by 13.56 points or by 0.41%. The major losers were Bharti Airtel (1.1%), Mphasis (1.1%), Aptech (0.57%), Idea Cellular (0.32%) and Balaji Telefilms (0.29%).
The IT index was at 5,290.71, down by 19.47 points or by 0.37%. The major losers were Mphasis (1.1%), Infosys Technologies (0.9%), Oracle Financial Services Software (0.7%), Aptech (0.57%) and H C L Technologies (0.39%).
The IPO index was at 1,956.68, down by 6.76 points or by 0.34%. The major losers were Greenearth Resources and Projects (6.72%), Aqua Logistics (1.76%), Anu`s Laboratories (0.82%), Adani Power (0.78%) and ARSS Infrastructure Projects (0.73%).
On the other hand, the Oil & Gas index was at 9,739.25, up by 89.50 points or by 0.93%. The major gainers were Essar Oil (0.72%), G A I L (India) (0.36%), Aban Offshore (0.33%), Bharat Petroleum Corporation (0.3%) and Indian Oil Corporation (0.11%).
Market Breadth
Market breadth was negative with 1,186 advances against 1,674 declines.
Value and Volume Toppers
Texmo Pipes and Products topped the value chart on the BSE with a turnover of Rs. 4,624.81 million. It was followed by Reliance Industries (Rs. 1,161.31 million), Tata Motors (Rs. 901.55 million) and Tata Consultancy Services (Rs. 848.76 million).
The volume chart was led by Texmo Pipes and Products with trades of over 33.70 million shares. It was followed by Unitech (10.66 million), Shree Ashtavinayak Cine Vision (7.44 million) and Greenearth Resources and Projects (6.20 million).
BSE Bulk DEals to Watch - MArch 10 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
10/3/2010 517356 ACI Infocom ALOK GUPTA S 120000 20.43
10/3/2010 530723 Asit C Mehta Fin MEHTA ASIT C B 50000 41.60
10/3/2010 530723 Asit C Mehta Fin TUSHAR CHHABILDAS KAPADIA S 50000 41.60
10/3/2010 512149 Avance Tech SUNDER DIPAK S 2000000 4.98
10/3/2010 532995 Avon Corp VINOD AMRATLAL NAAI B 415393 6.51
10/3/2010 532995 Avon Corp VINOD AMRATLAL NAAI S 509362 6.54
10/3/2010 531591 Bampsl Sec PRAKASH CHAND GUPTA B 375902 1.30
10/3/2010 531194 Brahmaputra Infra ANMOL FINPRO PVT LTD B 43500 82.08
10/3/2010 531194 Brahmaputra Infra JAGDISH SINGH PANWAR S 41000 82.01
10/3/2010 532123 BSEL Infra ELARA CAPITAL PLC (DR) S 713303 14.89
10/3/2010 532542 Crew Bos DIMPLE OBEROI B 97690 77.60
10/3/2010 532542 Crew Bos DIMPLE OBEROI S 97690 78.88
10/3/2010 503796 Digjam CENTRAL INDIA GENERAL AGENTS LTD B 1000000 11.03
10/3/2010 503796 Digjam SUKRITI EDUCATION SOCIETY B 1000000 11.03
10/3/2010 503796 Digjam BIRLA HOLDINGS LIMITED B 500000 11.03
10/3/2010 503796 Digjam ARCIL BIRLA VXL LIMITED TRUST S 2500000 11.03
10/3/2010 504351 Empower Inds BABULAL LALLUBHAI SONI B 75000 39.00
10/3/2010 504351 Empower Inds NARAYAN ANAND SHELAR B 100000 38.97
10/3/2010 504351 Empower Inds GOPALDAS BAGREE S 50000 38.90
10/3/2010 500142 FGP AJIT VAKIL S 100000 4.21
10/3/2010 532139 G Tech Info SHETHIA NARENDRAKUMAR VEL JI HUF S 561242 5.57
10/3/2010 514167 Ganesh Poly SABANAMA SARIYA S 86771 36.81
10/3/2010 530945 Gangotri Iron DEVENDRA JHUNJHUNWALA S 63515 46.50
10/3/2010 532767 Gayatri Proj CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED B 73100 414.76
10/3/2010 530389 Geefcee Fin ARIES CRAFTS PVT LTD B 99489 100.25
10/3/2010 530389 Geefcee Fin MAHESH OZA S 50000 100.25
10/3/2010 533104 GLOBUS SPR SMART EQUITY BROKERS PRIVATE LIMITED B 116309 121.72
10/3/2010 533104 GLOBUS SPR SMART EQUITY BROKERS PRIVATE LIMITED S 116309 121.90
10/3/2010 505576 Goldcrest Fin PRABHA PUJARA B 238000 23.30
10/3/2010 505576 Goldcrest Fin PADMAKSHI FINANCIAL SERVICES PVT. LTD. B 70000 22.25
10/3/2010 505576 Goldcrest Fin PADMAKSHI EDUCATION PVT LTD S 70000 22.25
10/3/2010 505576 Goldcrest Fin SENORITA IMPEX PVT LTD S 238000 23.30
10/3/2010 526717 Gopala Poly SANSKRUT ENERGY PVT. B 113266 3.31
10/3/2010 524314 Gujarat Terce ASHOK KUMAR BILGAIYAN S 25000 16.81
10/3/2010 524314 Gujarat Terce PRIYA CHANDRAKANT JALGAONKAR S 77181 16.81
10/3/2010 531387 Hasti Finance DEVA RAJAMLAXMANA DEPU B 19599 28.91
10/3/2010 532808 House of Pearl AMBIT SECURITIES BROKING PRIVATE LIMITED B 115884 90.29
10/3/2010 532808 House of Pearl DIMPLE OBEROI B 109072 89.70
10/3/2010 532808 House of Pearl DIMPLE OBEROI S 233221 90.45
10/3/2010 532808 House of Pearl AMBIT SECURITIES BROKING PRIVATE LIMITED S 115884 89.90
10/3/2010 511682 IFL Promoters SHIVCHARAN DASS MITTAL B 30000 8.66
10/3/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD B 31954 9.64
10/3/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD S 25903 8.67
10/3/2010 511682 IFL Promoters SHIVCHARAN DASS MITTAL S 30000 9.65
10/3/2010 509684 India Foils ESS DEE ALUMINIUM LTD S 296724 7.13
10/3/2010 501700 Indianivesh SUKTARA TRADELINK PVT LTD B 19932 356.76
10/3/2010 530259 Inter State Oil DHEERAJ KUMAR LOHIA B 25000 5.61
10/3/2010 523467 Jai Mata Glass RAKSHITA ASHOK MEHTA B 100000 3.81
10/3/2010 531784 Kadamb Constr NEWGEN INTERNATIONAL PRIVATE LIMITED S 412000 44.26
10/3/2010 531784 Kadamb Constr SUKUSAMA TRADING & INVESTMENTS PVT LTD S 100000 44.00
10/3/2010 530955 Kailash Ficom ABHIJAI INVESTMENT B 110000 25.00
10/3/2010 530955 Kailash Ficom VISHAL INFORMATION TECHNOLOGIES LTD B 140000 25.00
10/3/2010 530955 Kailash Ficom BIKASH SUREKA B 77000 25.00
10/3/2010 530955 Kailash Ficom JALSAGAR COMMODEAL PRIVATE LIMITED S 100000 25.00
10/3/2010 530955 Kailash Ficom SHREE BAHUBALI INTERNATIONAL LTD S 75000 25.00
10/3/2010 530955 Kailash Ficom SWAGATAM MARKETING PRIVATE LIMITED S 62970 25.00
10/3/2010 523810 Kaleidoscope Films ZAHER ZENUDIN MERCHANT B 513335 6.10
10/3/2010 523810 Kaleidoscope Films SUSHIL JAINARAYAN KARWA B 455408 6.10
10/3/2010 523810 Kaleidoscope Films PRAKASH BIHARILAL DHEBAR S 724000 6.10
10/3/2010 530255 KAY Power BAMPSL SECURITIES LTD B 78650 16.92
10/3/2010 530255 KAY Power BAMPSL SECURITIES LTD S 82152 16.75
10/3/2010 524232 Maharashtra Poly SHYAM STOCK FINANCIERS PVT LTD B 150120 159.76
10/3/2010 524232 Maharashtra Poly YASHWI PVT. LTD B 135000 159.96
10/3/2010 524232 Maharashtra Poly GVRS SECURITIES PRIVATE LIMITED S 163453 159.79
10/3/2010 590111 MASTER RAMESH KUMAR TUMMAPALA B 28748 39.71
10/3/2010 532376 MRO Tek DIMPLE OBEROI B 151598 33.17
10/3/2010 532376 MRO Tek DIMPLE OBEROI S 151598 33.85
10/3/2010 532986 Niraj Cement RAJARAM VISHWAS PATIL B 82385 51.36
10/3/2010 532986 Niraj Cement RAJARAM VISHWAS PATIL S 82385 50.91
10/3/2010 532854 Nitin Fire MARWADI SHARES AND FINANCE LTD. B 71103 406.94
10/3/2010 532854 Nitin Fire SMART EQUITY BROKERS PRIVATE LIMITED B 94600 408.31
10/3/2010 532854 Nitin Fire SMART EQUITY BROKERS PRIVATE LIMITED S 94600 408.55
10/3/2010 532854 Nitin Fire MARWADI SHARES AND FINANCE LTD. S 71103 406.06
10/3/2010 531496 Omkar Overseas AMBIKA SHYAM SHUKLA B 27010 59.40
10/3/2010 531496 Omkar Overseas KALPESHKUMAR MANIYAR B 36000 59.37
10/3/2010 531496 Omkar Overseas BHUTIYA HITESH KANABHAI B 65000 60.42
10/3/2010 531496 Omkar Overseas VISHAL M RAMNANI S 98538 59.89
10/3/2010 531496 Omkar Overseas PRAKASH KUMAR DEVSHILAL SHETH S 28750 58.88
10/3/2010 531496 Omkar Overseas DEE VARUN DEVELOPERS P. LTD S 26588 60.25
10/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED B 14624 209.54
10/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED S 8148 208.29
10/3/2010 512097 Oregon Comm PATEL SHAILESH JIVANLAL S 13500 205.23
10/3/2010 517195 ORG Informatics HARIN AMBALAL CHOKSI S 125000 12.94
10/3/2010 530923 Passari Cellu SAROJ DOGRA B 23159 65.36
10/3/2010 530923 Passari Cellu SAROJ DOGRA S 23159 65.83
10/3/2010 524136 Pee Cee Cosma PANKAJ NARENDRA B 6500 86.28
10/3/2010 502587 Rama Pulp RAJNEESH KANT SHRIVASTAVA B 43521 36.32
10/3/2010 502587 Rama Pulp AAP INVESTMENTS B 44949 34.34
10/3/2010 502587 Rama Pulp OM PARKASH GUPTA B 85950 37.39
10/3/2010 502587 Rama Pulp MUNISH HANDA B 55386 36.80
10/3/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 572071 38.27
10/3/2010 502587 Rama Pulp CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 56996 35.49
10/3/2010 502587 Rama Pulp PARESH FARMS PVT LTD S 281350 38.30
10/3/2010 502587 Rama Pulp AKASH FARMS PRIVATE LIMITED S 257000 38.26
10/3/2010 502587 Rama Pulp DINESH JAIN S 125000 34.59
10/3/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA S 52391 37.95
10/3/2010 502587 Rama Pulp PREMIUM HOSPITALITY SERVICES PRIVATE LIMITED S 55934 38.30
10/3/2010 502587 Rama Pulp GAJRIA JAYNA PRECISION INDVSTRIES PRIVATE LIMITED S 65844 38.27
10/3/2010 502587 Rama Pulp SANDEEP BAKUL SHETH S 40000 38.35
10/3/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA S 733182 38.25
10/3/2010 502587 Rama Pulp MUNISH HANDA S 55386 36.86
10/3/2010 502587 Rama Pulp OM PARKASH GUPTA S 85950 37.57
10/3/2010 502587 Rama Pulp MILLENNIUM PVT LTD S 50000 37.34
10/3/2010 502587 Rama Pulp PROFESSIONAL MULTIFINANCIAL SERVICES LTD S 45000 35.97
10/3/2010 502587 Rama Pulp AAP INVESTMENTS S 44949 35.21
10/3/2010 502587 Rama Pulp AAR FIN BROKERS PRIVATE LIMITED S 70215 35.97
10/3/2010 502587 Rama Pulp CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 56996 35.84
10/3/2010 502587 Rama Pulp RAJNEESH KANT SHRIVASTAVA S 43521 36.18
10/3/2010 502587 Rama Pulp MUDRA SECURITIES S 100000 35.34
10/3/2010 502587 Rama Pulp DEVENDRA SINGHVI S 70000 35.39
10/3/2010 502587 Rama Pulp ANIL SUGNO MANGHNANI S 45000 35.90
10/3/2010 502587 Rama Pulp JANAK CHIMANLAL THACKER S 42067 36.03
10/3/2010 502587 Rama Pulp LAKSHMI MEHROTRA S 94280 36.91
10/3/2010 590077 Ranklin Sol RAMESH KUMAR TUMMAPALA B 33200 54.61
10/3/2010 590077 Ranklin Sol SATYANARAYANA VARAPRASAD GARIKIPATY B 27800 53.47
10/3/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 95000 84.59
10/3/2010 530271 Rich Capital VIBGYOR FINANCIAL SERVICES PRIVATE LIMITED S 37000 84.45
10/3/2010 531099 Rubra Med NARENDER KUMAR GUPTA S 50000 18.20
10/3/2010 532793 Shree Ashtavina SUMAN DEV B 996896 11.63
10/3/2010 532793 Shree Ashtavina TRANS FINANCIAL RESOURCES LIMITED B 913921 11.34
10/3/2010 532793 Shree Ashtavina TRANS FINANCIAL RESOURCES LIMITED S 996236 11.12
10/3/2010 502563 Shree Bhawani JAGDISH AMRITLAL SHAH B 22891 6.21
10/3/2010 502563 Shree Bhawani JAMSON SECURITIES PRIVATE LIMITED S 22891 6.21
10/3/2010 531693 Shri Ganesh Spi MANJU KANWAR RATHORE B 350000 17.26
10/3/2010 531693 Shri Ganesh Spi KAN SINGH RATHORE B 350000 17.27
10/3/2010 531693 Shri Ganesh Spi CHANDRAKANT B SHAH S 342789 17.21
10/3/2010 531693 Shri Ganesh Spi JASMIN SUSILKUMAR BAJORIYA S 360000 17.27
10/3/2010 531693 Shri Ganesh Spi SANJAY KUMAR SUREKA S 310000 17.27
10/3/2010 526827 Spice Islands SHRIPARASRAM HOLDINGPVT LTD B 60861 37.33
10/3/2010 526827 Spice Islands BP FINTRADE PRIVATE LIMITED B 41395 37.64
10/3/2010 526827 Spice Islands BP FINTRADE PRIVATE LIMITED S 35399 37.54
10/3/2010 526827 Spice Islands DHEERAJ KUMAR LOHIA S 25000 37.45
10/3/2010 590047 Sunderam Multi REGENCY TRUST LIMITED S 365000 43.20
10/3/2010 532284 TCFC Finance GREENSTONE INVESTMENT PVT LTD. B 97871 30.38
10/3/2010 532284 TCFC Finance RRB SECURITIES LTD S 102000 30.37
10/3/2010 533164 TEXMO PIPES JMP SECURITIES PVT LTD B 385069 132.89
10/3/2010 533164 TEXMO PIPES Naman Securities & Finance Pvt. Ltd. B 152153 134.18
10/3/2010 533164 TEXMO PIPES MANAN PRANAV DALAL B 104785 130.48
10/3/2010 533164 TEXMO PIPES STANDARD SECURITIES & INVESTMENTS INTERMEDIATE LIMITED B 83923 136.49
10/3/2010 533164 TEXMO PIPES ANAND KUMAR B 100000 128.72
10/3/2010 533164 TEXMO PIPES AMAN KUMAR JAIN B 60002 136.11
10/3/2010 533164 TEXMO PIPES VIJAY LAXMINARAYAN BIYANI HUF B 60000 126.04
10/3/2010 533164 TEXMO PIPES R M SHARES TRADING PRIVATE LIMITED B 256343 129.98
10/3/2010 533164 TEXMO PIPES UTTAM SHARE BROKERS PRIVATE LIMITED B 133820 131.45
10/3/2010 533164 TEXMO PIPES UNIQUE INVESTMENTS B 105000 133.08
10/3/2010 533164 TEXMO PIPES ANGEL INFIN PRIVATE LIMITED B 129277 137.44
10/3/2010 533164 TEXMO PIPES OPG SECURITIES P LTD B 1194347 130.46
10/3/2010 533164 TEXMO PIPES SANJEEV SINGHAL B 949075 130.27
10/3/2010 533164 TEXMO PIPES EUREKA STOCK & SHARE BROKING SERVICES LTD B 92178 132.32
10/3/2010 533164 TEXMO PIPES SANJAY SINGHAL & SONS (HUF) B 73500 130.55
10/3/2010 533164 TEXMO PIPES CHANDARANA INTERMIDIARY BROKERS PVT LTD B 293480 131.03
10/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. B 482242 131.63
10/3/2010 533164 TEXMO PIPES ANIL MANEKLAL SHAH HUF B 100000 134.99
10/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. B 125000 134.71
10/3/2010 533164 TEXMO PIPES VIDHI JITENDRA JAIN B 69375 132.89
10/3/2010 533164 TEXMO PIPES LATIN MANHARLAL SEC.PVT.LTD. B 80433 126.33
10/3/2010 533164 TEXMO PIPES CHERRY COSMETICS PRIVATE LIMITED B 87791 132.69
10/3/2010 533164 TEXMO PIPES NIMIT JAYENDRA SHAH B 57114 129.60
10/3/2010 533164 TEXMO PIPES ARPITA ENTERPRISE B 143875 132.00
10/3/2010 533164 TEXMO PIPES LABHESH FINSTOCK PVT.LTD. B 92609 129.21
10/3/2010 533164 TEXMO PIPES HETAL N SHAH B 59992 131.43
10/3/2010 533164 TEXMO PIPES BLUE PEACOCK SECURITIES PRIVATE LIMITED B 345000 133.62
10/3/2010 533164 TEXMO PIPES DHANUSHA K. PATEL B 70104 133.33
10/3/2010 533164 TEXMO PIPES VARDHAMAN INVESTMENT B 295000 123.57
10/3/2010 533164 TEXMO PIPES NAVEEN TAPARIA B 527848 132.21
10/3/2010 533164 TEXMO PIPES KUSUM MAHENDRA SHAH B 136464 133.91
10/3/2010 533164 TEXMO PIPES DEEPAK POPATLAL VORA B 168810 130.39
10/3/2010 533164 TEXMO PIPES JAIN SANJAY POPATLAL B 263421 132.63
10/3/2010 533164 TEXMO PIPES JITENDRA BHOGILAL PATEL B 90098 132.79
10/3/2010 533164 TEXMO PIPES MADHURI RAJGOPAL DHOOT B 71065 127.17
10/3/2010 533164 TEXMO PIPES H J SECURITIES PVT LTD B 107500 126.36
10/3/2010 533164 TEXMO PIPES OM INVESTMENTS B 97347 131.53
10/3/2010 533164 TEXMO PIPES JACQUARD FOODS PRIVATE LIMITED B 60000 121.34
10/3/2010 533164 TEXMO PIPES APL FINCAP LIMITED B 59653 126.68
10/3/2010 533164 TEXMO PIPES BLUE PEACOCK SECURITIES PVT LT B 76629 132.48
10/3/2010 533164 TEXMO PIPES ANIL FINTURE B 131530 132.14
10/3/2010 533164 TEXMO PIPES ARIHANT SEC & INVESTMENT B 130000 136.96
10/3/2010 533164 TEXMO PIPES VILPABEN PRANAVBHAI VORA B 75000 138.25
10/3/2010 533164 TEXMO PIPES PRAKASH BHAI NARSINHBHAI PATEL B 176111 126.45
10/3/2010 533164 TEXMO PIPES REKHABEN BABULAL PATEL B 200661 126.98
10/3/2010 533164 TEXMO PIPES ALPESH JANTILAL PANDIT B 120000 133.71
10/3/2010 533164 TEXMO PIPES VISHAL KISHORE BHATIA B 100000 134.19
10/3/2010 533164 TEXMO PIPES SPAN COMMODITY & DERIVATIVES PVT LTD B 100500 129.98
10/3/2010 533164 TEXMO PIPES SREYASH KUMAR MAHESHBHAI PATEL B 88650 139.94
10/3/2010 533164 TEXMO PIPES VASANTI SHARE BROKAERS LTD B 90954 133.16
10/3/2010 533164 TEXMO PIPES MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 455707 129.68
10/3/2010 533164 TEXMO PIPES ASHLESH GUNVANTBHAI SHAH B 75000 128.08
10/3/2010 533164 TEXMO PIPES PARESH PRAMOD CHANDRA THAKKAR B 127728 127.18
10/3/2010 533164 TEXMO PIPES ALIVE CONSULTANTS B 137245 132.17
10/3/2010 533164 TEXMO PIPES MERCURY FUND MANAGEMENT CO.LTD. B 199756 129.76
10/3/2010 533164 TEXMO PIPES SMITA M PATEL B 64378 129.52
10/3/2010 533164 TEXMO PIPES VENTURE BROKING PVT. LTD B 66886 134.52
10/3/2010 533164 TEXMO PIPES PASHUPATI CAPITAL SERVICE PVT LTD B 177230 131.64
10/3/2010 533164 TEXMO PIPES GENUINE STOCK BROKERS PVT. LTD. B 2069771 130.78
10/3/2010 533164 TEXMO PIPES THINK BULL PRIVATE LIMITED B 60008 134.82
10/3/2010 533164 TEXMO PIPES SMART EQUITY BROKERS PRIVATE LIMITED B 779082 129.39
10/3/2010 533164 TEXMO PIPES KHANDWALA TRADE LINK COMPANY B 57800 131.77
10/3/2010 533164 TEXMO PIPES PRANALI COMMODITIES PVT.LTD B 105000 130.65
10/3/2010 533164 TEXMO PIPES TRANSGLOBAL SECURITIES LTD. B 428941 131.50
10/3/2010 533164 TEXMO PIPES PINAC STOCK BROKERS PVT LTD B 248200 128.11
10/3/2010 533164 TEXMO PIPES PRAVIN DHANJIBHAI MEHTA B 512135 130.40
10/3/2010 533164 TEXMO PIPES A K G STOCK BROKERS PRIVATE LIMITED B 323723 131.13
10/3/2010 533164 TEXMO PIPES MAMTA GUPTA B 64700 130.75
10/3/2010 533164 TEXMO PIPES PROFIT PLANET COMSEC PRIVATE LTD B 60001 123.51
10/3/2010 533164 TEXMO PIPES C R KOTHARI AND SONS EQUITIES PRIVATE LIMITED B 279007 125.23
10/3/2010 533164 TEXMO PIPES C R KOTHARI AND SONS STOCK BROKING PVT. LTD. B 250638 134.42
10/3/2010 533164 TEXMO PIPES A.A.DOSHI SHARE & STOCK BROKERS LTD B 410978 132.32
10/3/2010 533164 TEXMO PIPES PADMA PRAMOD KHIVESARA B 77667 132.62
10/3/2010 533164 TEXMO PIPES SAHAR VYAPAR PRIVATE LIMITED B 435944 139.25
10/3/2010 533164 TEXMO PIPES BP FINTRADE PRIVATE LIMITED B 62021 127.53
10/3/2010 533164 TEXMO PIPES PROFIT PLANET COMSEC PRIVATE LTD S 60001 129.08
10/3/2010 533164 TEXMO PIPES BP FINTRADE PRIVATE LIMITED S 61523 126.91
10/3/2010 533164 TEXMO PIPES SAHAR VYAPAR PRIVATE LIMITED S 435944 131.21
10/3/2010 533164 TEXMO PIPES PADMA PRAMOD KHIVESARA S 77667 131.64
10/3/2010 533164 TEXMO PIPES C R KOTHARI AND SONS STOCK BROKING PVT. LTD. S 250638 124.73
10/3/2010 533164 TEXMO PIPES C R KOTHARI AND SONS EQUITIES PRIVATE LIMITED S 279007 133.93
10/3/2010 533164 TEXMO PIPES ANIL FINTURE S 131530 137.67
10/3/2010 533164 TEXMO PIPES MAMTA GUPTA S 64700 130.55
10/3/2010 533164 TEXMO PIPES A K G STOCK BROKERS PRIVATE LIMITED S 323723 131.10
10/3/2010 533164 TEXMO PIPES PRAVIN DHANJIBHAI MEHTA S 512135 130.42
10/3/2010 533164 TEXMO PIPES PINAC STOCK BROKERS PVT LTD S 248200 135.75
10/3/2010 533164 TEXMO PIPES TRANSGLOBAL SECURITIES LTD. S 428941 131.62
10/3/2010 533164 TEXMO PIPES KHANDWALA TRADE LINK COMPANY S 73300 133.37
10/3/2010 533164 TEXMO PIPES PRANALI COMMODITIES PVT.LTD S 75000 134.14
10/3/2010 533164 TEXMO PIPES SMART EQUITY BROKERS PRIVATE LIMITED S 779082 129.48
10/3/2010 533164 TEXMO PIPES THINK BULL PRIVATE LIMITED S 59008 134.71
10/3/2010 533164 TEXMO PIPES PASHUPATI CAPITAL SERVICE PVT LTD S 177230 131.49
10/3/2010 533164 TEXMO PIPES SMITA M PATEL S 64378 129.34
10/3/2010 533164 TEXMO PIPES VENTURE BROKING PVT. LTD S 66886 134.11
10/3/2010 533164 TEXMO PIPES GENUINE STOCK BROKERS PVT. LTD. S 2069846 130.81
10/3/2010 533164 TEXMO PIPES MERCURY FUND MANAGEMENT CO.LTD. S 199756 134.39
10/3/2010 533164 TEXMO PIPES ALIVE CONSULTANTS S 137245 132.01
10/3/2010 533164 TEXMO PIPES ASHLESH GUNVANTBHAI SHAH S 75000 130.26
10/3/2010 533164 TEXMO PIPES SREYASH KUMAR MAHESHBHAI PATEL S 88650 140.01
10/3/2010 533164 TEXMO PIPES MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 455707 129.67
10/3/2010 533164 TEXMO PIPES VISHAL KISHORE BHATIA S 100900 123.17
10/3/2010 533164 TEXMO PIPES VASANTI SHARE BROKAERS LTD S 90954 133.06
10/3/2010 533164 TEXMO PIPES ANIL MANEKLAL SHAH HUF S 100000 129.98
10/3/2010 533164 TEXMO PIPES SPAN COMMODITY & DERIVATIVES PVT LTD S 100500 134.95
10/3/2010 533164 TEXMO PIPES ALPESH JANTILAL PANDIT S 120000 135.98
10/3/2010 533164 TEXMO PIPES REKHABEN BABULAL PATEL S 200661 134.97
10/3/2010 533164 TEXMO PIPES PRAKASH BHAI NARSINHBHAI PATEL S 176111 139.17
10/3/2010 533164 TEXMO PIPES VILPABEN PRANAVBHAI VORA S 75000 133.95
10/3/2010 533164 TEXMO PIPES ARIHANT SEC & INVESTMENT S 130000 127.09
10/3/2010 533164 TEXMO PIPES BLUE PEACOCK SECURITIES PVT LT S 76629 132.93
10/3/2010 533164 TEXMO PIPES APL FINCAP LIMITED S 64653 136.05
10/3/2010 533164 TEXMO PIPES MADHURI RAJGOPAL DHOOT S 71065 121.48
10/3/2010 533164 TEXMO PIPES JACQUARD FOODS PRIVATE LIMITED S 60000 127.32
10/3/2010 533164 TEXMO PIPES OM INVESTMENTS S 97347 130.11
10/3/2010 533164 TEXMO PIPES H J SECURITIES PVT LTD S 107500 126.69
10/3/2010 533164 TEXMO PIPES DEEPAK POPATLAL VORA S 156360 129.59
10/3/2010 533164 TEXMO PIPES KUSUM MAHENDRA SHAH S 136464 134.02
10/3/2010 533164 TEXMO PIPES JITENDRA BHOGILAL PATEL S 90098 130.96
10/3/2010 533164 TEXMO PIPES JAIN SANJAY POPATLAL S 263421 132.79
10/3/2010 533164 TEXMO PIPES NAVEEN TAPARIA S 527848 132.02
10/3/2010 533164 TEXMO PIPES A.A.DOSHI SHARE & STOCK BROKERS LTD S 410978 132.21
10/3/2010 533164 TEXMO PIPES BLUE PEACOCK SECURITIES PRIVATE LIMITED S 345000 124.70
10/3/2010 533164 TEXMO PIPES DHANUSHA K. PATEL S 65104 133.15
10/3/2010 533164 TEXMO PIPES NIMIT JAYENDRA SHAH S 57114 131.21
10/3/2010 533164 TEXMO PIPES LABHESH FINSTOCK PVT.LTD. S 92609 133.85
10/3/2010 533164 TEXMO PIPES VARDHAMAN INVESTMENT S 295000 134.98
10/3/2010 533164 TEXMO PIPES ARPITA ENTERPRISE S 143875 132.05
10/3/2010 533164 TEXMO PIPES VIDHI JITENDRA JAIN S 69375 132.87
10/3/2010 533164 TEXMO PIPES CHERRY COSMETICS PRIVATE LIMITED S 87791 131.66
10/3/2010 533164 TEXMO PIPES LATIN MANHARLAL SEC.PVT.LTD. S 80433 126.37
10/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. S 125000 134.18
10/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. S 482242 131.70
10/3/2010 533164 TEXMO PIPES CHANDARANA INTERMIDIARY BROKERS PVT LTD S 293480 131.09
10/3/2010 533164 TEXMO PIPES SANJEEV SINGHAL S 949075 130.45
10/3/2010 533164 TEXMO PIPES SANJAY SINGHAL & SONS (HUF) S 73500 130.84
10/3/2010 533164 TEXMO PIPES EUREKA STOCK & SHARE BROKING SERVICES LTD S 92178 132.46
10/3/2010 533164 TEXMO PIPES OPG SECURITIES P LTD S 1194347 130.55
10/3/2010 533164 TEXMO PIPES UTTAM SHARE BROKERS PRIVATE LIMITED S 133820 130.84
10/3/2010 533164 TEXMO PIPES UNIQUE INVESTMENTS S 105000 134.57
10/3/2010 533164 TEXMO PIPES ANGEL INFIN PRIVATE LIMITED S 102977 137.70
10/3/2010 533164 TEXMO PIPES VIJAY LAXMINARAYAN BIYANI HUF S 60000 130.74
10/3/2010 533164 TEXMO PIPES R M SHARES TRADING PRIVATE LIMITED S 256343 129.84
10/3/2010 533164 TEXMO PIPES Naman Securities & Finance Pvt. Ltd. S 113940 132.95
10/3/2010 533164 TEXMO PIPES AMAN KUMAR JAIN S 60002 129.23
10/3/2010 533164 TEXMO PIPES ANAND KUMAR S 100000 133.36
10/3/2010 533164 TEXMO PIPES STANDARD SECURITIES & INVESTMENTS INTERMEDIATE LIMITED S 83923 130.62
10/3/2010 533164 TEXMO PIPES MANAN PRANAV DALAL S 104785 128.88
10/3/2010 533164 TEXMO PIPES JMP SECURITIES PVT LTD S 381919 130.92
10/3/2010 531249 Well Pack Papers MAYANK N GANDHI B 27617 476.11
10/3/2010 531249 Well Pack Papers ADITI M GANDHI B 23450 471.71
10/3/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 30199 468.73
10/3/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 28452 468.06
10/3/2010 531249 Well Pack Papers RAMESHBHAI V PARMAR B 27406 470.42
10/3/2010 531249 Well Pack Papers ADITI M GANDHI S 22871 470.68
10/3/2010 531249 Well Pack Papers MAYANK N GANDHI S 31463 471.03
10/3/2010 531249 Well Pack Papers NIOL IMPEX PRIVATE LIMITED S 38000 471.62
NSE Bulk Deals to Watch - March 10 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
10-MAR-2010,BEPL,BHANSALI ENG. POLYMERS LT,CARWIN MERCANTILES PVT LTD,BUY,2275000,19.87,-
10-MAR-2010,BSELINFRA,BSEL Infrastructure Realt,HI-GROWTH CORPORATE SERVICES PVT. LTD.,BUY,492750,14.90,-
10-MAR-2010,CREWBOS,Crew B.O.S. Products Limi,OBEROI DIMPLE,BUY,100397,78.06,-
10-MAR-2010,GLOBUSSPR,Globus Spirits Limited,CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD,BUY,343700,117.49,-
10-MAR-2010,HANUNG,Hanung Toys and Textiles,TRANSGLOBAL SECURITIES LTD.,BUY,131968,159.06,-
10-MAR-2010,HOPFL,House of Pearl Fashions L,OBEROI DIMPLE,BUY,217543,91.73,-
10-MAR-2010,KOTAKNIFTY,Kotak Nifty ETF,KOTAK SECURITIES LTD.,BUY,61983,508.64,-
10-MAR-2010,MONNETISPA,Monnet Ispat Ltd,VISTABROOK LIMITED,BUY,289516,383.01,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,HEENA VORA,BUY,63401,411.18,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,MARWADI SHARES AND FINANCE LIMITED,BUY,102965,406.11,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,PREMSHANKER A MEHTA,BUY,186445,404.58,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,SHRADDHA NILESH MEHTA,BUY,62571,389.44,-
10-MAR-2010,ORBITCORP,Orbit Corporation Limited,SWEDBANK ROBUR BRICT,BUY,850000,286.87,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,BUY,186395,132.46,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ACHAL KUMAR DAGA,BUY,50000,124.00,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,351535,132.26,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,BUY,57772,128.57,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ALIVE CONSULTANTS ALIVE,BUY,162045,132.86,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AMIT MANILAL GALA,BUY,61831,133.55,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AMP POLYCOT,BUY,102000,124.82,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ANIL MANEKLAL SHAH HUF,BUY,100000,132.13,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ANITA AIREN,BUY,70000,133.58,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASHOKKUMAR GOVINDBHAI PARMAR,BUY,159000,134.64,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,139208,128.65,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD.,BUY,145408,133.11,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASTHA BUDHWANI,BUY,78000,128.36,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAFNA RAMESH KUMAR,BUY,67826,131.67,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAKHAI JYOTI KISHOR,BUY,100000,128.69,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BHAVIN SURESH CHHEDA,BUY,90806,132.72,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BLUE PEACOCK SECURITIES PVT LT,BUY,261100,129.53,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BP FINTRADE PRIVATE LIMITED,BUY,1073417,132.92,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,C D INTEGRATED SERVICES LTD.,BUY,141530,131.41,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,246910,131.27,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CPR CAPITAL SERVICES LTD.,BUY,178121,127.38,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DEEPAK SHANTILAL CHHEDA,BUY,120616,131.52,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DHYAN SECURITIES PVT LTD,BUY,72624,132.56,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DINESH MUNJAL(HUF),BUY,489043,132.14,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DIPALDEVENDRAKUMARSHAH,BUY,88000,133.20,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DIPAN MEHTA SHARE & STOCK BROKERS PVT. LTD.,BUY,72872,130.25,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,FAIR DEAL TRADELINK COMPANY,BUY,103459,131.90,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,FICUS SECURITIES PRIVATE LIMITED,BUY,153934,133.53,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,G RAMAKRISHNA,BUY,136000,128.82,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GAURAV ASSET MANAGEMENT PRIVATE LIMITED,BUY,65069,132.02,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1605129,130.70,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,BUY,117412,131.10,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDIA ADVANTAGE SECURITIES LTD.,BUY,444281,131.64,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDRA KUMAR BAGRI,BUY,61675,129.45,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JAINITA NARESH SHAH,BUY,125000,135.37,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JAMUNARANI S,BUY,62502,130.25,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JMP SECURITIES PVT LTD,BUY,207879,131.17,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KAKANI OMPRAKASH,BUY,72257,131.67,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,565445,130.08,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KHANDWALA TRADELINK CO,BUY,154698,132.86,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KRISH CAPITAL SERVICES,BUY,77675,128.14,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KRUNAL PRADEEP SHAH,BUY,103000,133.44,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KSR CONSULTANCY SERVICES PVT L,BUY,100000,137.71,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,LAXMI GOVIND KULKARNI,BUY,105000,129.69,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,M/S RUKHMANI TRADERS,BUY,85027,132.76,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,M/S SCION EXPORTS PRIVATE LIMITED,BUY,220000,123.18,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MAMTA GUPTA,BUY,64700,130.45,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANAN P DALAL,BUY,84019,129.42,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,577403,130.82,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR,BUY,97368,130.66,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR ASHKARAN,BUY,85120,134.18,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH RATILAL SHAH,BUY,128985,126.38,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIYAR BADRESH,BUY,85902,131.65,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,497958,131.96,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MEET TRADELINK PROP(DINESHCHANDRA MANILAL PATEL),BUY,125000,133.98,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MERCURY FUND MANAGEMENT CO.LTD.,BUY,215078,132.10,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MLB CAPITAL PRIVATE LIMITED,BUY,94003,131.18,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MUKUL RAMVALLABH TIBREWALA,BUY,161785,133.97,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,679933,130.47,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NEPTUNE FINCOT PVT LTD,BUY,73170,137.35,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,BUY,129949,130.35,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PASHUPATI CAPITAL SERVICES PVT. LTD.,BUY,276141,131.24,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PAWANSUT TIE-UP PRIVATE LTD,BUY,100000,139.16,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PINAC STOCK BROKERS PVT LTD,BUY,243200,131.07,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PKC STOCK BROKING PRIVATE LIMITED,BUY,143742,130.03,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PRAKASH BHANSALI,BUY,220000,133.26,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PRASHANT JAYANTILAL PATEL,BUY,63782,130.69,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PRB SECURITIES PRIVATE LTD.,BUY,163835,129.78,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R APPALA RAJU,BUY,245000,134.20,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R S SINDHU,BUY,207657,130.19,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R.M. SHARE TRADING PVT LTD,BUY,281760,129.73,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,REGENT FINANCE CORPORATION PVT. LTD.,BUY,181000,120.97,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANJAY BHANWARLAL JAIN,BUY,220593,132.61,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANTOSH TIKAMDAS LOKWANI,BUY,78663,130.67,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SARLA DEVI,BUY,66000,134.67,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SHYAM SUNDER GUPTA,BUY,152678,132.32,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMART EQUITY BROKERS PRIVATE LIMITED,BUY,84793,133.82,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMITA M PATEL,BUY,82127,132.60,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SPAN CAPLEASE PVT. LTD.,BUY,60836,133.29,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SPAN COMMODITY & DERIVATIVES PVT.LTD,BUY,100000,128.65,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SRINIVASAN GOVINDHARAJAN,BUY,123005,132.38,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUBODHSAGAR SHARES & SERVICES PRIVATE LIMITED,BUY,83703,135.04,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUN FINLEASE GUJARAT LTD,BUY,84,132.50,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SURJIT SINGH REKHI,BUY,102001,132.63,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUSHIL FINANCIAL SERVICES PRIVATE LIMITED,BUY,65680,134.46,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TOUCHSTONE SECURITIES,BUY,129836,133.84,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,453285,131.83,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRIPTI SINGHVI,BUY,209787,129.78,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,URVI INVESTMENT (PROP:JYOTI MEHTA),BUY,87836,129.55,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,UTTAM SHARE BROKER PVT. LTD.,BUY,133420,130.76,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,V N SHAH,BUY,62635,132.30,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VASANTI SHARE BROKERS LIMITED,BUY,107393,132.16,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VASU DEV CHHABRA,BUY,59736,134.64,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,YOKE SECURITIES LTD.,BUY,78317,133.58,-
10-MAR-2010,BEPL,BHANSALI ENG. POLYMERS LT,ARION COMMERCIAL PVT LTD,SELL,1500000,19.33,-
10-MAR-2010,BSELINFRA,BSEL Infrastructure Realt,ELARA CAPITAL PLC (DR),SELL,1082638,14.87,-
10-MAR-2010,BSELINFRA,BSEL Infrastructure Realt,HI-GROWTH CORPORATE SERVICES PVT. LTD.,SELL,497359,14.92,-
10-MAR-2010,CREWBOS,Crew B.O.S. Products Limi,OBEROI DIMPLE,SELL,100397,78.77,-
10-MAR-2010,GLOBUSSPR,Globus Spirits Limited,INFORMED TECHNOLOGIES INDIA LIMITED,SELL,112279,116.66,-
10-MAR-2010,HANUNG,Hanung Toys and Textiles,TRANSGLOBAL SECURITIES LTD.,SELL,132968,159.44,-
10-MAR-2010,HOPFL,House of Pearl Fashions L,OBEROI DIMPLE,SELL,234961,90.08,-
10-MAR-2010,IFL,India Foils Limited,ESS DEE ALUMINIUM LTD,SELL,154948,7.23,-
10-MAR-2010,KOTAKNIFTY,Kotak Nifty ETF,ESMERALDA INVESTMENTS PVT LTD,SELL,29692,508.50,-
10-MAR-2010,KOTAKNIFTY,Kotak Nifty ETF,KOTAK SECURITIES LTD.,SELL,2222,512.75,-
10-MAR-2010,KOTAKNIFTY,Kotak Nifty ETF,SHRINIVAS DEMPO,SELL,29692,508.50,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,HEENA VORA,SELL,66116,411.34,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,MARWADI SHARES AND FINANCE LIMITED,SELL,102965,407.16,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,PREMSHANKER A MEHTA,SELL,176445,405.47,-
10-MAR-2010,NITINFIRE,Nitin Fire Protection Ind,SHRADDHA NILESH MEHTA,SELL,67877,400.79,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,SELL,186395,132.39,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ACHAL KUMAR DAGA,SELL,125000,128.33,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,351535,132.42,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,SELL,42572,135.89,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ALIVE CONSULTANTS ALIVE,SELL,162045,133.14,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AMIT MANILAL GALA,SELL,61831,133.69,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,AMP POLYCOT,SELL,102000,133.81,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ANIL MANEKLAL SHAH HUF,SELL,100000,128.65,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ANITA AIREN,SELL,60000,134.06,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASHOKKUMAR GOVINDBHAI PARMAR,SELL,159000,129.20,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,101858,124.34,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD.,SELL,145408,133.16,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ASTHA BUDHWANI,SELL,53000,125.12,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAFNA RAMESH KUMAR,SELL,67826,130.01,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAKHAI JYOTI KISHOR,SELL,50000,122.04,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BHAVIN SURESH CHHEDA,SELL,90806,131.59,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BLUE PEACOCK SECURITIES PVT LT,SELL,231100,130.91,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BP FINTRADE PRIVATE LIMITED,SELL,1071917,132.80,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,C D INTEGRATED SERVICES LTD.,SELL,131530,130.86,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,246910,131.43,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CPR CAPITAL SERVICES LTD.,SELL,178121,127.46,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DEEPAK SHANTILAL CHHEDA,SELL,120616,131.57,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DHYAN SECURITIES PVT LTD,SELL,72624,132.73,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DINESH MUNJAL(HUF),SELL,489043,131.95,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DIPALDEVENDRAKUMARSHAH,SELL,48000,134.77,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DIPAN MEHTA SHARE & STOCK BROKERS PVT. LTD.,SELL,72872,130.29,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,FAIR DEAL TRADELINK COMPANY,SELL,64500,130.63,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,FICUS SECURITIES PRIVATE LIMITED,SELL,153934,133.30,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,G RAMAKRISHNA,SELL,136000,129.45,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GAURAV ASSET MANAGEMENT PRIVATE LIMITED,SELL,55069,131.10,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1605129,130.83,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,SELL,117412,131.27,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,IKAB SECURITIES LTD.,SELL,103414,131.12,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDIA ADVANTAGE SECURITIES LTD.,SELL,444281,131.69,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDRA KUMAR BAGRI,SELL,61675,133.22,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JAINITA NARESH SHAH,SELL,125000,127.98,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JAMUNARANI S,SELL,62502,129.89,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,JMP SECURITIES PVT LTD,SELL,205879,129.37,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KAKANI OMPRAKASH,SELL,72257,131.67,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,565445,130.14,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KHANDWALA TRADELINK CO,SELL,131698,132.06,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KRISH CAPITAL SERVICES,SELL,77675,128.24,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KRUNAL PRADEEP SHAH,SELL,103000,129.92,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,KSR CONSULTANCY SERVICES PVT L,SELL,100000,121.83,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,LAXMI GOVIND KULKARNI,SELL,105000,131.17,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,M/S RUKHMANI TRADERS,SELL,85026,132.55,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,M/S SCION EXPORTS PRIVATE LIMITED,SELL,440000,128.14,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MAMTA GUPTA,SELL,64700,130.94,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANAN P DALAL,SELL,84019,129.72,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,577403,130.97,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR,SELL,97368,130.50,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR ASHKARAN,SELL,85120,134.11,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH RATILAL SHAH,SELL,128985,136.57,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIYAR BADRESH,SELL,85902,132.92,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,497958,132.07,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MEET TRADELINK PROP(DINESHCHANDRA MANILAL PATEL),SELL,125000,134.97,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MERCURY FUND MANAGEMENT CO.LTD.,SELL,215078,136.33,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MLB CAPITAL PRIVATE LIMITED,SELL,94003,131.44,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MUKUL RAMVALLABH TIBREWALA,SELL,161785,133.94,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,617582,129.42,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NEPTUNE FINCOT PVT LTD,SELL,73170,137.42,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,SELL,129949,131.50,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PASHUPATI CAPITAL SERVICES PVT. LTD.,SELL,276141,131.45,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PAWANSUT TIE-UP PRIVATE LTD,SELL,100000,132.02,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PINAC STOCK BROKERS PVT LTD,SELL,243200,135.54,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PKC STOCK BROKING PRIVATE LIMITED,SELL,143742,130.58,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PRASHANT JAYANTILAL PATEL,SELL,63782,130.49,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,PRB SECURITIES PRIVATE LTD.,SELL,163835,129.96,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R APPALA RAJU,SELL,245000,133.70,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R S SINDHU,SELL,207657,130.25,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R.M. SHARE TRADING PVT LTD,SELL,281760,130.01,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,REGENT FINANCE CORPORATION PVT. LTD.,SELL,181000,131.70,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANJAY BHANWARLAL JAIN,SELL,220593,132.85,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANTOSH TIKAMDAS LOKWANI,SELL,78663,130.88,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SARLA DEVI,SELL,66000,129.82,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SHYAM SUNDER GUPTA,SELL,152678,133.18,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMART EQUITY BROKERS PRIVATE LIMITED,SELL,84793,133.97,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMITA M PATEL,SELL,82127,132.88,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SPAN CAPLEASE PVT. LTD.,SELL,60836,133.35,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SPAN COMMODITY & DERIVATIVES PVT.LTD,SELL,100000,131.85,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SRINIVASAN GOVINDHARAJAN,SELL,123005,132.04,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUBODHSAGAR SHARES & SERVICES PRIVATE LIMITED,SELL,83703,138.03,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUN FINLEASE GUJARAT LTD,SELL,99959,129.74,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SURESH CHAND S JAIN,SELL,68800,130.06,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SURJIT SINGH REKHI,SELL,102001,132.21,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUSHIL FINANCIAL SERVICES PRIVATE LIMITED,SELL,65680,134.55,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TOUCHSTONE SECURITIES,SELL,129836,133.83,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,453285,131.95,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRIPTI SINGHVI,SELL,209787,128.38,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,URVI INVESTMENT (PROP:JYOTI MEHTA),SELL,97836,128.90,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,UTTAM SHARE BROKER PVT. LTD.,SELL,133420,131.62,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,V N SHAH,SELL,12952,134.84,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VASANTI SHARE BROKERS LIMITED,SELL,107393,132.18,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VASU DEV CHHABRA,SELL,59736,135.22,-
10-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,YOKE SECURITIES LTD.,SELL,78317,134.13,-
10-MAR-2010,TIDEWATER,Tide Water Oil Co. (India,MADANLAL LIMITED,SELL,10000,5050.00,-
Reliance helps defend 17000
Today's major news
ONGC plans capital expenditure; the stock ends 0.49% down
HDIL plans to raise $200-300 million; the stock rises 0.03%
India Cements to raise over $65 million; the stock declines 0.12%
Thermax-Babcock & Wilcox in JV; the stock surges 2.70%
GEI Industrial hits 52-week high on new orders; the stock rises 4.05%
Post-market summary
Global signals
The European shares were trading slightly higher in the early trades on March 10, 2010, with firmer mining stocks following a rise in the metal prices on strong imports and exports data from China offsetting weaker pharma shares. At the time of writing this report, FTSE 100 was trading marginally higher at 0.01%.
On March 10, 2010, all the major Asian indices closed in green, except Shanghai Composite that closed 0.66% lower. SGX Nifty closed 32 points higher.
The US stock futures opened higher, thereby pointing to a higher opening on the Wall Street.
Indian indices
On the back of mixed global cues, the Sensex opened on a flat to negative note at 17072, 18 points marginally lower. Despite that the market was volatile and dull for the second consecutive day. The Sensex moved in the 17072-17183 range. The realty, oil & gas and FMCG stocks managed to earn most of the gains and the strong support from Reliance Industries helped the Sensex to sustain at the 17000 level. The Sensex ended the session at 17098, 46 points higher, while the Nifty closed 15 points higher at 5116.
Market sentiment
The advanced/decline ratio stood at 0.71, with 1,179 stocks advancing and 1,659 stocks declining on the BSE. Seventy three stocks remained unchanged.
Sectoral & stock screening
The investors did not evince much interest in any of the counters. All the 13 sectors on the BSE were either marginally positive or negative. Oil & gas, FMGC, realty, auto and consumer durables were measly up. And the rest eight counters were down.
The top gainers for the day were Mahindra and Mahindra Financial Services, which surged the most by 7.85%, followed by IDFC, which rose 3.11%, and Hero Honda Motors that was up by 2.94%. The correction in sugar price in the international markets saw the entire sugar counter down –– Balrampur Chini slid the most by 8.10%, followed by Shree Renuka Sugars that declined 5.29%.
Viewing volumes
The stocks that drew investor interest were India’s second largest realty company Unitech, which was the most actively traded share with over 1.06 crore shares changing hands on the BSE followed by wind power major Suzlon Energy (0.54 crore shares), steel maker Ispat Industries (0.37 crore shares), industrial finance company IFCI (0.29 crore shares) and sugar manufacturer Balrampur Chini Mills (0.25 crore shares).
Sugar shares hammered
The key benchmark indices eked out small gains mimicking mild gains in global stocks. US index futures were flat. The BSE 30-share Sensex rose 45.79 points or 0.27%, off close to 70 points from the day's high and up 64.24 from the day's low. The market breadth was weak after a strong start. Auto stocks edged higher on fresh buying. Banking shares were mixed. Telecom pivotals saw divergent trend. IT stocks declined on profit taking after recent gains triggered by upbeat US jobs data.
India VIX, a volatility index based on the S&P CNX Nifty index option prices, lost 3.41% to 20.09. The index has witnessed a steep fall in the last few trading sessions after the government tabled the Union Budget for 2010-2011 in the parliament on 26 February 2010. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. Typically, volatility surges ahead of a major event such as the Budget. It falls after the event.
Index heavyweight Reliance Industries advanced close to 2%, moving past the Rs 1000 mark on reports the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Hero Honda Motors struck a record high to Rs 1940 on BSE in intra-day trade today, 10 March 2010.
The market edged higher in early trade. It surged to hit the day's high in mid-morning trade. The market pared gains in early afternoon trade. The market slipped into the red in afternoon trade. It moved between positive and negative zone near the flat line later.
The follow-on public offer (FPO) of iron ore miner NMDC was subscribed 14% by 16:00 IST on the first day of the issue today, NSE data showed. The government is divesting 8.38% stake in NMDC through the FPO as a part of its aggressive divestment drive to raise funds in a bid to bring fiscal deficit down. The company's FPO will close on Friday, 12 March 2010. The price band has been fixed between Rs 300 and 350.
European markets turned positive, reversing early losses. Key benchmark indices in Germany and France were up by between 0.1% to 0.32%. UK's FTSE 100 index was flat.
Asian stocks fluctuated as shipping lines and oil companies declined, while Australia's largest telephone company rose on speculation it will avoid a breakup. The key benchmark indices in South Korea, Japan, Indonesia, Taiwan and Singapore were up by between 0.08% to 0.80%. However indices in China and Japan declined 0.66% and 0.04% respectively. Hong Kong's Hang Seng index was unchanged.
Chinese stocks snapped a three-day advance amid concerns about policy tightening. China's trade surplus narrowed further to $7.6 billion in February from $14.2 billion in January on surging imports even as the nation's exports continued to rise rapidly, according to reports. February exports jumped 45.7% from the same month of 2009, while imports expanded by 44.7%.
Japan's machinery orders slipped in January 2010 after the biggest jump since 2000, indicating a subdued appetite among the nation's companies to ramp up capital spending even as manufacturing passed its worst. Orders, a signal of business investment in three to six months, dropped 3.7% from December, when they climbed 20.1%, the Cabinet Office said today.
A separate report showed Japan remains plagued by deflation. Producer prices fell 1.5% in February 2010 from a year earlier, the 14th consecutive drop, the central bank said.
US equities ended slightly higher on Tuesday as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. The Dow Jones Industrial Average gained 11.86 points, or 0.11%, to 10,564.38. The Standard & Poor's 500 Index edged up 1.95 points, or 0.17%, to 1,140.45 and the Nasdaq Composite index rose 8.47 points, or 0.36%, to 2,340.68.
Trading in US index futures showed that the US markets could see a flat opening on Wednesday, 10 March 2010. US index futures Futures moved between the positive and negative territory earlier in the day.
Investors will monitor US retail sales for February 2010 and Reuters/University Of Michigan Consumer Sentiment Survey for March 2010, both due on Friday, 12 March 2010, for any hints on the health of the global economy.
Closer home, the government is likely to maintain the distinction between short term and long-term capital gains to encourage long-term savings, as it deliberates the draft direct taxes code (DTC). The finance minister said in his Budget speech that the new direct taxes law could be rolled out from 1 April 2011.
The DTC has proposed to tax capital assets irrespective of the period of holding. The entire capital gains of the assessee is proposed to be added to his income and taxed at the marginal rate.
Currently, any stock market asset held for more 12 months is considered long-term capital assets but for all other assets have to be held for more than 36 months to be considered a long-term asset. Moreover, there is zero capital gains tax on shares held for the long-term while others assets are levied a long-term capital gains tax of 10%.
Meanwhile, Russian Prime Minister Vladimir Putin heads to India Thursday for a visit aimed at tightening the close arms and energy partnerships that Moscow and New Delhi have enjoyed since the Soviet era.
The highlight of the two-day visit is expected to be the signing of several military agreements, including a deal on a Soviet-era aircraft carrier whose troubled history has raised fears over the future strength of relations. Russia supplies 70% of India's military hardware but New Delhi has in recent years also looked towards other military suppliers including Israel and the United States.
Meanwhile, India and China on Tuesday decided to formally back the Copenhagen Accord worked out at the climate summit in December last year. While neither India nor China have said that they would 'associate' with the accord, both countries have agreed to have their names listed in the preamble. The move would come as boost to the accord. With this the four BASIC countries - Brazil, South Africa, Indian and China - which were key players in formulating the accord have agreed to be listed in the chapeau.
On the political front, the Rajya Sabha on Tuesday took a historic and giant step by voting to amend the Constitution, providing one-third reservation of seats in Parliament and State Assemblies for women. The Bill has to be passed by the Lok Sabha and ratified by 50 per cent of the States before it comes into effect.
Going ahead, the key triggers for the stock market are structural reforms such as decontrol of petrol and diesel prices, targeting of food subsidies, and financial sector reforms such as increase in foreign direct investment in insurance sector.
The government will announce the industrial output data for the month of January 2010 on Friday, 12 March 2010. Industrial output grew 16.8% in December 2009.
Meanwhile, the fourth and the last installment of advance tax by India Inc due on 15 March 2010 will give a broad indication of fourth quarter earnings.
The government said on Friday it will seek parliamentary approval to spend an extra Rs 31780 crore for the fiscal year to end-March 2010, which it plans to fund through savings.
There is no risk that the government will borrow more than planned to fund supplementary spending, Revenue Secretary Sunil Mitra said on Friday. Of the additional spending, Rs 12000 crore would be spent on oil subsidy, Rs 8000 crore on fertiliser subsidy and Rs 2459 crore on food subsidy, among others.
Prime Minister Manmohan Singh said late last week that the economy would grow by at least 8% in the year through March 2011. Asia's third largest economy would expand 7.2-7.5% in 2009-10, he told parliament. Singh said prospects for the winter-sown crop are 'very encouraging'. He also said the government must pay good prices to farmers to ensure higher farm production. The prime minister said the government will take all practical measures to bring down food prices.
He said the government will continue commitment to pubic and private investment in agriculture. The prime minster said there is need to find ways and means to stabilise the sugar economy.
A good harvest is likely to bring down food inflation, which accelerated to nearly 18% in late February. The government, facing mounting criticism for rising food prices, is struggling to meet conflicting aims of controlling food inflation and trying to please farmers by paying them attractive prices.
Chief Economic Advisor Kaushik Basu on Tuesday, 9 March 2010, said inflation would ease by April 2010, with low fiscal deficit and a good rabi (winter) crop improving food supplies. In a couple of months, the slightly lower fiscal deficit will begin to counter inflation, he added. Speaking on the sidelines of a conference in New Delhi Basu said inflation is likely to average 4% in the current financial year.
The newly elected president of industry body FICCI Rajan Bharti Mittal said on Monday there's no room for hardening of interest rates and the Reserve Bank of India should maintain status quo on the rates to allow the industry to make fresh investments. He added that fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth.
Food prices will be keenly watched in coming weeks for the second and third round impacts of the recent fuel price rise. Market men see a 25 basis points hike in the repo and reverse repo rates each by the RBI at the April 2010 policy review.
Prime Minister Manmohan Singh has ruled out rolling back a price hike in fuel prices despite pressure from his main allies, saying populist policies would hurt the economy in the long-term. Petrol prices rose about 6% and diesel prices by 7.75% after the government increased factory-gate taxes and import duties on the fuels as part of last week's 2010-11 union budget 2010-11, which stressed fiscal prudence to cut a wide deficit
Reserve Bank of India (RBI) Governor D Subbarao on Monday, 8 March 2010, said inflation should moderate in the coming months. He said the central bank will ensure that interest rate levels do not have a negative impact on the competitiveness of the economy. Should India need to manage inflationary expectations, the central bank could turn to its traditional mix of policy tools including use of both liquidity and cash reserve requirements, he said.
Subbarao said the government's plans to reduce the fiscal deficit this year and in 2011 would help to manage inflationary expectations and facilitate demand for private credit. The government's borrowing program is likely to proceed smoothly over the next financial year, he said. The government has set its gross market borrowing target for 2010/11 at a record Rs 4.57 lakh crore, up by 1.3% percent from the previous year, a move that has pushed bond prices lower as investors have anticipated a flood of fresh debt supply.
The heavy borrowing plans of the government, needed to fund the estimated 5.5% fiscal deficit for the year, has had analysts concerned it would make funding costlier and scarcer for industry. Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday said the government will raise more than half of its borrowing for the next year by September 2010, allowing more space for private borrowing as the economic growth picks up steam. Ahluwalia also said the government would have to raise state-set retail fuel prices if crude oil prices continued to rise.
Finance minister Pranab Mukherjee's budgetary proposals late last month offered a progressive cut in fiscal deficit over the next three fiscal years, changed personal tax rates lifting disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10%.
The Finance Minister in his budget speech on Friday, 26 February 2010 said the government aims to introduce the Goods and Services Tax (GST) and implement the direct tax code from 1 April 2011.
The fiscal deficit is pegged at 5.5% of GDP for 2010-2011, lower than an estimated 6.8% for the current fiscal year. The finance minister said the government also aimed to reduce the deficit further to 4.8% of GDP in the year starting 1 April 2011, and to 4.1% in the year from 1 April 2012. He said there is a need to review stimulus and move towards fiscal consolidation and review public spending.
A thrust on the infrastructure sector augurs well from a long-term growth perspective. The Finance Minister has provided Rs 1.73 lakh crore for infrastructure development in 2010-2011, which accounts for over 46% of the total plan expenditure for the year.
The stock market has applauded the Union Budget 2010-2011 due to its thrust on infrastructure development, government's pledge to reduce fiscal deficit over the next three years, a smaller-than-expected 2% hike in excise duties, and reduction in taxes for individuals which will boost disposable income. The Finance Minister has assumed a modest GDP of about 8% and inflation of about 4.5% for 2010-2011.
Finance Minister Pranab Mukherjee on Wednesday, 3 March 2010 said India's economic recovery is still being driven by public spending and is not yet broad-based, further clouding the debate on the timing of rate hikes by the central bank.
Foreign funds bought shares worth Rs 2173.09 crore and domestic funds sold shares worth Rs 171.66 crore on Tuesday, 9 March 2010, as per provisional data.
The BSE 30-share Sensex rose 45.79 points or 0.27% to 17,098.33. The index rose 130.97 points at the day's high of 17,183.51 in morning trade. The Sensex lost 24.62 points at the day's low of 17,027.92 in early trade.
The S&P CNX Nifty rose 14.75 points or 0.29% to 5116.25.
The market breadth, indicating the overall health of the market was weak. On BSE, 1660 shares declined as compared with 1178 that advanced. A total of 74 shares remained unchanged. The breadth was much stronger in opening trade.
Among the 30-member Sensex pack, 18 advanced while the rest slipped.
BSE clocked a turnover of Rs 4179 crore, lower than Rs 7506.04 crore on Tuesday, 9 March 2010.
The BSE Mid-Cap index fell 0.13% and the BSE Small-Cap index fell 0.21%. Both the indices underperformed the Sensex.
The BSE Oil & Gas index (up 0.93%), the BSE FMCG index (up 0.81%), the BSE Realty index (up 0.59%), the BSE Auto index (up 0.33%), outperformed the Sensex.
The BSE Teck index (down 0.41%), the BSE IT index (down 0.37%), the BSE HealthCare index (down 0.33%), the BSE Metal index (down 0.32%), the BSE PSU index (down 0.2%), the BSE Bankex (down 0.17%), the BSE Capital goods index (down 0.15%), the BSE Power index (down 0.12%), the BSE Consumer Durables index (up 0.19%), underperformed the Sensex.
Auto stocks gained on fresh buying. India's largest bike maker by sales Hero Honda Motors surged 2.94% to Rs 1929.40. It hit a all time high of Rs 1940 today, 10 March 2010. It was the top gainer from the Sensex pack. Hero Honda has shortlisted Karnataka as one of the states for setting up its fourth manufacturing plant. Hero Honda Motors has reportedly proposed an investment of Rs 2,000 crore for the upcoming plant.
India's largest truck maker by sales Tata Motors gained 0.98%. The stock made a comeback on bargain hunting after sliding 3.24% on Tuesday following Germany's Daimler AG offloading its entire stake in Tata Motors in bulk deals. Daimler AG sold its entire about 2.56 crore shares at an average price of Rs 751.67 in Tata Motors through various bulk deals on Tuesday, 9 March 2010.
Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired a total of 86.5 lakh shares of Tata Motors from Germany's Daimler AG. Tata Sons bought 40 lakh Tata Motors shares at Rs 750 each, while Citi bought 46.5 lakh shares at Rs 752.41 each
India's largest tractor maker by sales Mahindra & Mahindra (M&M) advanced 0.58%, reversing early losses.
However, India's largest car maker by sales Maruti Suzuki India fell 1.34% on fears of rise in competition after rival firm Ford on Tuesday entered the small car market with 'Figo'. It was the top loser from the Sensex pack. Also, two more global auto giants, Nissan and Toyota, have announced their plans to launch cars in India priced in the Rs 4-lakh range.
Index heavyweight Reliance Industries (RIL) advanced 1.8% to Rs 1008.05, moving past the Rs 1000 mark. As per reports, RIL is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. In the Palar block, RIL is said to be testing a well. The hydrocarbon success would be known only after testing is completed.
India's largest bank by net profit and branch network State Bank of India (SBI) fell 0.38%, extending Tuesday's 1.28% fall. A bill seeking to reduce Centre's shareholding in the SBI from 55% now to 51% and to allow the bank to raise more capital from the market through preference shares, was introduced in the Lok Sabha on Monday.
The amendment bill seeks to provide for enhancement of the capital of SBI by issue of preference shares, to enable it to raise resources from the market by public issue or preferential allotment or private placement. The bill also aims to provide for flexibility in the management of the bank
Other banking shares saw mixed trend. India's largest private sector bank by net profit HDFC Bank rose 0.18% India's largest private sector bank by net profit ICICI Bank declined 0.76%.
IT stocks declined on profit taking after recent gains triggered by upbeat US jobs data. US is the biggest market for Indian IT firms. India's third largest software services exporter by sales Wipro fell 0.4%. India's second largest software services exporter by sales Infosys slipped 0.9%
But, India's largest software services exporter by sales Tata Consultancy Services (TCS) gained 1.49%. Reports citing Girja Pande, TCS's Asia-Pacific chairman indicated that the company hopes to quadruple its market share in Asia outside India within five to seven years.
Telecom pivotals saw divergent trend. India's largest cellular services provider by sales Bharti Airtel lost 1.1%. As per reports, Bharti Airtel has completed about 60% of its due-diligence of Zain's African assets.
Zain, Kuwait's biggest phone company, and Bharti Airtel said on 15 February 2010 that they had entered into exclusive talks under which the Bharti would buy most of Zain's African assets for $10.7 billion. The exclusive talks will continue until 25 March 2010.
India's second largest cellular services provider by sales Reliance Communications gained 0.06%. The company has announced a new mobile application named Socially. With this application, a user can follow his friends' activities on social networks such as Facebook, Twitter and LinkedIn through a single platform.
Cement stocks gained on recent reports that prices are likely to rise by Rs 5-25 per 50-kg bag. The impeding price hike comes after the finance minister increased the excise duty on cement in the budget to 10% from the earlier 8%, imposed a cess of Rs 50 per tonne on domestic and imported coal and hiked fuel prices, pushing up freight rates for cement companies. ACC, Ambuja Cements, UltraTech Cement rose by between 1.33% to 2.21%.
Metal stocks fell on profit taking, reversing early gains. Tata Steel, Steel Authority of India, Hindustan Zinc, Sesa Goa, Sterlite Industries, JSW Steel and Jindal Steel & Power fell by between 0.01% to 1.95%.
State-run miner NMDC rose 1.12% to Rs 379.85. The company's follow-on offering (FPO) opened for bidding today, 10 March 2010 and will close on Friday, 12 March 2010.
Consumer durables stocks gained on hopes rise in disposable income following widening of tax slabs in the Union Budget 2010-11 may boost sales. Asian Star Company, Blue Star and Rajesh Exports rose by between 0.82% to 6.53%.
FMCG stocks rose after government's thrust on rural spending and social schemes in the budget announced late last month. Rural sector constitutes a major chunk of the sales of FMCG firms. Hindustan Unilever, ITC, Marico rose by between 0.33% to 1.4%.
Oil & Natural Gas Corporation (ONGC) was down 0.49% and Indian Oil Corporation (IOC) rose 0.11% after Oil Secretary S. Sundareshan said on Wednesday that the government has no immediate plans to sell stake in these two state-run firms.
Sugar shares declined after sugar futures sank to 7-month low in the US on Tuesday, 9 March 2010, continuing to retreat from last month's 29-year high, as traders braced for additional supplies from a new harvest season. Bajaj Hindusthan, Balrampur Cihni Mills, Shree Renuka Sugars, Triveni Engineering fell by between 5.29% to 8.88%.
World raw sugar for May 2010 delivery fell 1.25 cents, or 6%, to settle at 20.32 cents a pound on ICE Futures exchange in the US on Tuesday. It was the contract's lowest settlement price since 6 August 2009.
Realty shares gained after sector bellwether DLF hinted that properties would turn dearer as developers would have to pass on the service tax burden to end-users. Indiabulls Real Estate, HDIL and DLF rose by between 0.03% to 2.79%.
The Budget proposed to impose service tax on the realty sector both on commercial rentals as well as on sale of under-construction housing units. The service tax would come to be about 3.5% of the cost of the apartment that includes the value of the land and also the cost of construction, realty body Credai said recently.
Some infrastructure stocks gained following the government's on the infrastructure sector in the latest Budget. The Finance Minister provided Rs 1.73 lakh crore for infrastructure development in 2010-2011, which accounts for over 46% of the total plan expenditure for the year. Bharat Heavy Electricals , Jaiprakash Associates, Punj Lloyd Gayatri Projects rose by between 0.02% to 1.75%.
Texmo Pipes & Products closed at Rs 137.25 on the BSE, at a premium of 52.5% over the initial public offer price of Rs 90. The stock debuted at Rs 101.50, a 12.80% premium over the initial public offer (IPO) price.
Cals Refineries clocked the highest volume of 4.81 crore shares on BSE. Texmo Pipes (3.36 crore shares), Unitech (1.06 crore shares), Shree Ashtavinayak Cine Vision (0.74 crore shares) and Birla Power Solutions (0.67 crore shares) were the other volume toppers in that order.
Texmo Pipes clocked the highest turnover of Rs 462.48 crore on BSE. Reliance Industries (Rs116.13 crore), Tata Motors Rs 90.15 crore), Tata Consultancy Services (Rs 84.87 crore) and Unitech (Rs 79.66 crore) were the other turnover toppers in that order.
Texmo Pipes & Products attracts 52% premium
Settles at Rs 137.25 on BSE
Texmo Pipes & Products closed at Rs 137.25 on the BSE, at a premium of 52.5% over the initial public offer price of Rs 90.
The stock debuted at Rs 101.50, a 12.80% premium over the initial public offer (IPO) price. On BSE, 3.36 crore shares were traded on the counter. The stock hit a high of Rs 140.70 and a low of Rs 101.50.
The initial public offer (IPO) of Texmo Pipes & Products closed on 19 February 2010, with an oversubscription of 7.48 times. The company offered 50 lakh shares in a price band of Rs 85-Rs 90 per share.
The Madhya Pradesh-based pipes manufacturing company plans to deploy the funds for the expansion of its product range and also to set up manufacturing facilities for injection mouldings/fittings and woven sacks.
Texmo Pipes & Products manufactures PVC and HDPE pipes.
Pradip Overseas Grey Market Premium
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) |
Texmo Pipes | 90 | 15 to 20 | -- |
Man Infraconst. | 252 | 85 to 87 | -- |
United Bank of | 60 to 66 | 8 to 9 | - |
DQ Entertainment (Inter.) | 75 to 80 | 40 to 42 | 1800 to 2000 |
NMDC (FPO) | 300 to 350 | 10 to 15 | 1900 to 1950 |
Pradip Overseas | 100 to 110 | 13 to 15 | 1900 to 2000 |
ILFS Transportation | 242 to 258 | 32 to 35 | 2000 to 2100 |
Market seen opening range-bound on mixed global cues
The market is likely to open sideways in absence of concrete direction from global markets. Most Asian stocks were trading lower on Wednesday while US markets had ended slightly higher on Tuesday. The S&P CNX Nifty futures for March 2010 expiry were up 7 points in Singapore.
State-run miner NMDC's follow-on offering (FPO) will open today, 10 March 2010 and will close on Friday, 12 March 2010. The price band has been fixed between Rs 300 and 350. The offer represents 8.38% of the outstanding equity share capital of the company with a reservation of 17.43 lakh shares for eligible employees.
Texmo Pipes and Products will debut on the stock exchanges today.
Most Asian stocks were trading lower on Wednesday, as Australian consumer confidence rose, while shipping lines declined after a measure of cargo transport rates fell for the first time in almost two weeks. The key benchmark indices in Singapore, Hong Kong, South Korea, Japan, Taiwan and China and were down by between 0.08% to 0.32%. However indices in Indonesia and Singapore rose 0.34% and 0.41%.
Japan's machinery orders slipped in January 2010 after the biggest jump since 2000, indicating a subdued appetite among the nation's companies to ramp up capital spending even as manufacturing passed its worst.
Orders, a signal of business investment in three to six months, dropped 3.7% from December, when they climbed 20.1%, the Cabinet Office said today.
A separate report showed Japan remains plagued by deflation. Producer prices fell 1.5% in February 2010 from a year earlier, the 14th consecutive drop, the central bank said.
US equities ended slightly higher on Tuesday as falling commodity prices pressured materials stocks, offsetting gains in the telecom and industrial sectors. The Dow Jones Industrial Average gained 11.86 points, or 0.11%, to 10,564.38. The Standard & Poor's 500 Index edged up 1.95 points, or 0.17%, to 1,140.45 and the Nasdaq Composite index rose 8.47 points, or 0.36%, to 2,340.68.
Back home, as per provisional figures on NSE, foreign funds bought shares worth Rs 2173.09 crore and domestic funds sold shares worth Rs 171.66 crore on Tuesday, 9 March 2010.
Profit taking in second half of the day's trading session pulled key benchmark indices lower on Tuesday, 9 March 2010. The BSE 30-share Sensex fell 50.06 points or 0.29% to 17,052.54 and the S&P CNX Nifty fell 22.50 points or 0.44% to 5101.50.
Meanwhile, the Russian Prime Minister Vladimir Putin heads to India Thursday for a visit aimed at tightening the close arms and energy partnerships that Moscow and New Delhi have enjoyed since the Soviet era.
The highlight of the two-day visit is expected to be the signing of several military agreements, including a deal on a Soviet-era aircraft carrier whose troubled history has raised fears over the future strength of relations. Russia supplies 70% of India's military hardware but New Delhi has in recent years also looked towards other military suppliers including Israel and the United States.
Also India and China on Tuesday decided to formally back the Copenhagen Accord worked out at the climate summit in December last year. While neither India nor China have said that they would ‘associate' with the accord, both countries have agreed to have their names listed in the preamble. The move would come as boost to the accord. With this the four BASIC countries — Brazil, South Africa, Indian and China — which were key players in formulating the accord have agreed to be listed in the chapeau.
On the political front, the Rajya Sabha on Tuesday tabled the historic Women's Reservation Bill that reserves 33% of legislative seats in the Lok Sabha and state assemblies for women to vote. In a dramatic sequence of events after the house reconvened at 15:00 IST, Chairman Hamid Ansari despite protests from the suspended RJD and SP MPs carried out a voice vote seeking consent for the adoption of the motion for voting on the bill. After the motion was adopted, the Chairman put the bill to vote.
However, as it is a Constitution Amendment (108th) Bill, it can be only cleared after four rounds of voting in its favour. A Constitution amendment needs a two-thirds majority in voting requiring the support of 155 MPs in Rajya Sabha for its passage. The bill has clear backing of at least 165 MPs in the House with an effective strength of 233.
Earlier, the errant SP, RJD and LJP MPs were marshalled out of the House as Chairman Hamid Ansari called for a vote on the Bill. Before that Ansari suspended seven MPs belonging to SP, RJD and LJP for the remaining part of the Budget session for their unruly behaviour in the House over the Bill.
Earlier on Tuesday morning, Janata Dal-United's Sharad Yadav, Rashtriya Janata Dal (RJD) chief Lalu Prasad and Samajwadi Party (SP) leader Mulayam Singh Yadav, who are opposing the Women's Reservation Bill, met Prime Minister Manmohan Singh and informed the PM of their differences towards the bill. The Women's Reservation Bill, which was blocked in the Rajya Sabha on Monday, seeks to reserve a third of the seats in parliament and state legislatures for women.
Rajan Bharti Mittal, the newly elected president of industry body FICCI said on Monday there's no room for hardening of interest rates and the Reserve Bank of India should maintain status quo on the rates to allow the industry to make fresh investments. He added that fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth.
Going ahead, the key triggers for the stock market are structural reforms such as decontrol of petrol and diesel prices, targeting of food subsidies, and financial sector reforms such as increase in foreign direct investment in insurance sector.
The government will announce the industrial output data for the month of January 2010 on Friday, 12 March 2010. Industrial output grew 16.8% in December 2009.
Meanwhile, the fourth and the last installment of advance tax by India Inc due on 15 March 2010 will give a broad indication of fourth quarter earnings.
The government said on Friday it will seek parliamentary approval to spend an extra Rs 31780 crore for the fiscal year to end-March 2010, which it plans to fund through savings.
There is no risk that the government will borrow more than planned to fund supplementary spending, Revenue Secretary Sunil Mitra said on Friday. Of the additional spending, Rs 12000 crore would be spent on oil subsidy, Rs 8000 crore on fertiliser subsidy and Rs 2459 crore on food subsidy, among others.
Prime Minister Manmohan Singh said on Friday the economy would grow by at least 8% in the year through March 2011. Asia's third largest economy would expand 7.2-7.5% in 2009-10, he told parliament. Singh said prospects for the winter-sown crop are 'very encouraging'. He also said the government must pay good prices to farmers to ensure higher farm production. The prime minister said the government will take all practical measures to bring down food prices.
He said the government will continue commitment to pubic and private investment in agriculture. The prime minster said there is need to find ways and means to stabilise the sugar economy.
A good harvest is likely to bring down food inflation, which accelerated to nearly 18% in late February. The government, facing mounting criticism for rising food prices, is struggling to meet conflicting aims of controlling food inflation and trying to please farmers by paying them attractive prices.
Food prices will be keenly watched in coming weeks for the second and third round impacts of the recent fuel price rise. Market men see a 25 basis points hike in the repo and reverse repo rates each by the RBI at the April 2010 policy review.
Prime Minister Manmohan Singh had earlier ruled out rolling back a price hike in fuel prices despite pressure from his main allies, saying populist policies would hurt the economy in the long-term. Petrol prices rose about 6% and diesel prices by 7.75% after the government increased factory-gate taxes and import duties on the fuels as part of last week's 2010-11 union budget 2010-11, which stressed fiscal prudence to cut a wide deficit
Reserve Bank of India (RBI) Governor D Subbarao on Monday, 8 March 2010, said inflation should moderate in the coming months. He said the central bank will ensure that interest rate levels do not have a negative impact on the competitiveness of the economy. Should India need to manage inflationary expectations, the central bank could turn to its traditional mix of policy tools including use of both liquidity and cash reserve requirements, he said.
Subbarao said the government's plans to reduce the fiscal deficit this year and in 2011 would help to manage inflationary expectations and facilitate demand for private credit. The government's borrowing program is likely to proceed smoothly over the next financial year, he said. The government has set its gross market borrowing target for 2010/11 at a record Rs 4.57 lakh crore, up by 1.3% percent from the previous year, a move that has pushed bond prices lower as investors have anticipated a flood of fresh debt supply. Asked if he anticipated a sharp rise in levels of yields in 10-year government bonds, he said that yields had risen slightly this year but would be managed over the coming 12 months.
Finance minister Pranab Mukherjee's budgetary proposals last week offered a progressive cut in fiscal deficit over the next three fiscal years, changed personal tax rates lifting disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10%.
The Finance Minister in his budget speech on Friday, 26 February 2010 said the government aims to introduce the Goods and Services Tax (GST) and implement the direct tax code from 1 April 2011.
The fiscal deficit is pegged at 5.5% of GDP for 2010-2011, lower than an estimated 6.8% for the current fiscal year. The finance minister said the government also aimed to reduce the deficit further to 4.8% of GDP in the year starting 1 April 2011, and to 4.1% in the year from 1 April 2012. He said there is a need to review stimulus and move towards fiscal consolidation and review public spending.
A thrust on the infrastructure sector augurs well from a long-term growth perspective. The Finance Minister has provided Rs 1.73 lakh crore for infrastructure development in 2010-2011, which accounts for over 46% of the total plan expenditure for the year.
The stock market has applauded the Union Budget 2010-2011 due to its thrust on infrastructure development, government's pledge to reduce fiscal deficit over the next three years, a smaller-than-expected 2% hike in excise duties, and reduction in taxes for individuals which will boost disposable income. The Finance Minister has assumed a modest GDP of about 8% and inflation of about 4.5% for 2010-2011.
Finance Minister Pranab Mukherjee on Wednesday, 3 March 2010 said India's economic recovery is still being driven by public spending and is not yet broad-based, further clouding the debate on the timing of rate hikes by the central bank.
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