India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Friday, March 19, 2010
Asian equities eke out tiny gains
Some gains emerge on positive overnight US cues despite continued concerns about debt worries in Greece
Asian equities ended mixed today, as an attempt by the bulls to reinvigorate the sentiments in their favor on positive overnight US cues were encountered by continued concerns about debt worries in Greece. The US dollar also stayed higher throughout the Asian trades, be weighing on the markets as commodities slipped and weekend profit booking also kept advances under check for most of the Asian equities.
The Australian market ended with modest gains. Volumes were relatively lower as traders preferred to adopt a wait-and-watch approach awaiting more clues on global economy. The benchmark S&P/ASX200 Index added 9.10 points, or 0.19% to close at 4,872, while the All-Ordinaries Index ended at 4,890, representing a gain of 12.40 points, or 0.25%.
The stock market in Japan closed in positive territory on Friday, the last day of the trading week, on optimism about the US economy where the latest weekly jobless claims, despite rising marginally than forecast, confirmed that the employment situation is improving. The benchmark Nikkei 225 Index advanced 80.69 points, or 0.75%, to 10,824, while the broader Topix index of all First Section issues gained 8.14 points, or 0.87%, to 949.
On the economic front, a report released by the Ministry of Trade, Economy and Industry revealed that all industry activity in the country climbed 3.8% in January from December. The report further noted that year-on-year, all industry activity was up 2.9% in January, rebounding from 1.5% fall in December.
Shares in China eked out small gains in a cautious session on Friday, with wary investors expecting Beijing to further tighten liquidity by lifting bank reserve ratios. The Shanghai Composite Index closed up 0.71 at 3,067 points, its highest close since March 9.
In Mumbai, volatility was witnessed in the latter part of trading session as the key benchmarks pared gains after surging to two month highs. IT and realty stocks fell. But, PSU banks, auto and consumer durables stocks rose. The BSE 30-share Sensex was provisionally up 37.22 points or 0.21%, up close to 50 points from the day's low and off close to 45 points from the day's high.
In the U.S., stocks ended Thursday's trading mixed, as the markets digested a series of economic reports that showed only small steps forward for the ailing economy. The Dow and the Nasdaq rose by modest margins, while the S&P 500 closed just below the unchanged mark. The S&P 500 slipped by 0.39 points or less than a tenth of a percent to 1,166, while the Dow advanced by 45.50 points or 0.4% to 10,779 and the Nasdaq edged up by 2.19 points or 0.1% to 2,391.
US dollar stayed upbeat throughout the day, hitting a 10 session high of 1.3506 against the Euro. European Central Bank President Jean-Claude Trichet stated that strengthening longer-term confidence is crucial for the post-crisis economy and robust policy frameworks will be needed against future challenges. Light sweet crude oil futures for April delivery slipped to a low of $81.51 a barrel in electronic trading. The commodity currently trades at $81.63, down 57 cents per barrel from previous close.
S&P rating helps bulls’ cause
Today's major news
S Kumars touches 52-week high; the stock surges 19.61%
Punj Lloyd bags Rs1281 crore contracts; the stock is up by 0.96%
Dalmia Cement demeger plan gets board nod; the stock slides 0.31%
Click here for more stories
Post-market summary
Global signals
The European stocks rose in early trade on Friday, March 19, 2010, hitting a 17-month high, with banking shares trading higher. At the time of writing this report, FTSE 100 was trading 0.78% higher.
Asian indices across the spectrum — Nikkie to Straits Times to Kospi — closed higher. The SGX Nifty closed at 5268, up 13 points.
The US stock futures pointed to a mixed opening on the Wall Street on Friday.
Indian indices
Higher Dow Jones yesternight and strong Asian indices this morning helped Indian indices open a marginal 12 points up at 17531. Leveraging on previous two days’ gains, the market traded with a positive bias all through the day. Upgradation of India’s debt-rating outlook from “negative” to “stable” by Standard & Poor’s (S&P) rating services helped the cause. However, as aforesaid in the morning report, it languished within a tight band of 17502-17600 due to lack of triggers.
Buying in the Sensex components such as Reliance Industries and Bharti Airtel propelled the index to 17600 levels. The Sensex, which had gained nearly 380 points in the last three sessions, added 59 points to its kitty to close at 17,578 points. The Nifty closed 17 points up at 5263.
Market sentiment
The choppy session saw declining shares slightly outnumbering the advancing shares. Of 2,950 stocks traded on the BSE, 1,381 stocks (46.81%) advanced, whereas 1,459 (49.46%) stocks declined. Hundred and ten stocks remained unchanged.
Sectoral & stock screening
Despite trading in the narrow range, all the sectoral indices closed higher, except realty and IT. The BSE realty slid the most, by 0.95%, followed by BSE IT that down by 0.45%. The BSE Consumer Durables (CD) surged the most and topped the sectoral list by 1.09%, followed by BSE Oil & Gas that rose by 0.78%. Other sectors closed positive in the range of 0.16% - 0.57%.
The top-3 gainers were — Bharat Electronics that surged by 5.71%, Chambal Fertilisers that rose by 4% and Bharti Airtel that was up by 3.95%.
The top-3 losers were — Indiabulls Real Estate that slid by 3.06%, CESC that was down by 2.51% and IVRCL Infrastructure and Projects that declined by 2.43%.
Viewing volumes
The stocks that drew investors interest were — India’s second largest realty company, Unitech, was the most traded share with over 0.43 crore shares changing hands on the BSE, followed by Exide Industries (0.38 crore shares), wind power major — Suzlon Energy (0.33 crore shares), sugar manufacturer — Shree Renuka Sugars (0.24 crore shares) and natural resources company — Reliance Natural Resources (0.20 crore shares).
BSE Bulk Deals to Watch - March 19 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
19/3/2010 531897 Accentia Tech SHARAD SHAH B 120000 284.82
19/3/2010 530901 ACIL Cot Inds ASHA JHAVERILAL DEDHIA B 75000 27.20
19/3/2010 524448 Ahlcon Par BIKRAMJEET AHLUWALIA B 38895 50.70
19/3/2010 520077 Amtek Auto BIRLA SUN LIFE MUTUAL FUND B 2500000 172.00
19/3/2010 520077 Amtek Auto BIRLA SUN LIFE INSURANCE CO LTD B 3864000 172.00
19/3/2010 520077 Amtek Auto OLYMPIA BUILDERS PVT LTD S 2096728 172.06
19/3/2010 520077 Amtek Auto NDMR B V S 8500000 172.29
19/3/2010 518091 Anjani Portland PRATIBHUTI VINIYOG LIMITED B 150359 33.29
19/3/2010 518091 Anjani Portland MADHURI OMPRAKASH DAMANI S 150000 33.29
19/3/2010 533163 ARSS INFRA GENUINE STOCK BROKERS PVT. LTD. B 114072 914.83
19/3/2010 533163 ARSS INFRA SMART EQUITY BROKERS PRIVATE LIMITED B 87826 916.50
19/3/2010 533163 ARSS INFRA SANJEEV SINGHAL B 99033 914.52
19/3/2010 533163 ARSS INFRA OPG SECURITIES P LTD B 100091 915.85
19/3/2010 533163 ARSS INFRA GENUINE STOCK BROKERS PVT. LTD. S 114072 915.36
19/3/2010 533163 ARSS INFRA SMART EQUITY BROKERS PRIVATE LIMITED S 87826 916.67
19/3/2010 533163 ARSS INFRA SANJEEV SINGHAL S 99033 915.54
19/3/2010 533163 ARSS INFRA OPG SECURITIES P LTD S 100091 915.95
19/3/2010 507526 Associated Alco SHEETAL IMPEX PVT LTD B 50000 31.20
19/3/2010 507526 Associated Alco MANJU B 50000 29.60
19/3/2010 507526 Associated Alco SHEETAL IMPEX PVT LTD S 50000 29.60
19/3/2010 507526 Associated Alco MANJU S 50000 31.20
19/3/2010 532995 Avon Corp VINOD AMRATLAL NAAI B 370829 6.06
19/3/2010 532995 Avon Corp VINOD AMRATLAL NAAI S 461701 6.04
19/3/2010 531591 Bampsl Sec KAUSHALYA GARG B 654300 1.50
19/3/2010 531591 Bampsl Sec PRAKASH CHAND GUPTA S 417685 1.50
19/3/2010 590059 Bihar Tubes SUNITA PUROHIT B 156500 101.17
19/3/2010 590059 Bihar Tubes TAPARIA HOLDINGS PRIVATE LIMITED S 325423 95.95
19/3/2010 500083 Century Extr MAHIPAT IWDARMAL MEHTA B 283785 8.86
19/3/2010 500083 Century Extr MAHIPAT IWDARMAL MEHTA S 294058 8.71
19/3/2010 532413 Cerebra Integ SAURASHTRA BOTTLING PRIVATE LIMITED S 162000 16.34
19/3/2010 526783 Dr Agarwals MOHIT VINODKUMAR AGRAWAL B 25000 59.75
19/3/2010 526783 Dr Agarwals BABULAL MISHRIMAL SANGHVI B 25000 50.25
19/3/2010 526783 Dr Agarwals MOHIT VINODKUMAR AGRAWAL S 25000 50.25
19/3/2010 526783 Dr Agarwals BABULAL MISHRIMAL SANGHVI S 25000 59.75
19/3/2010 532927 Eclerx Serv IDFC ASSET MANAGEMENT CO. PVT LTD A/C -IDFC PREMIER EQUITY FUND B 442600 540.05
19/3/2010 532927 Eclerx Serv LEHMANBROTHERSASIALTDA/C LB INDIAHOLDINGMAURITIUS IILTD FDI A/C S 455625 540.00
19/3/2010 523329 Eldeco Hous AVINASH PALIWAL B 10000 147.92
19/3/2010 523329 Eldeco Hous RAKESH DADHICH B 9840 136.10
19/3/2010 523329 Eldeco Hous RAHUL VIJAYVARGIYA B 10000 144.90
19/3/2010 523329 Eldeco Hous AJAY KHANDELWAL B 10000 142.10
19/3/2010 523329 Eldeco Hous AVINASH PALIWAL S 10000 136.18
19/3/2010 523329 Eldeco Hous RAKESH DADHICH S 9840 147.85
19/3/2010 523329 Eldeco Hous RAHUL VIJAYVARGIYA S 10000 142.10
19/3/2010 523329 Eldeco Hous AJAY KHANDELWAL S 10000 144.90
19/3/2010 504351 Empower Inds BEENA BABULAL SONI B 50000 44.95
19/3/2010 504351 Empower Inds ANKIT UMAKANT AGRAWAL B 66000 44.95
19/3/2010 504351 Empower Inds KII LIMITED S 400000 44.95
19/3/2010 504351 Empower Inds MAHIPAT IWDARMAL MEHTA S 90000 44.95
19/3/2010 500033 Force Motors BAJAJ HOLDINGS AND INVESTMENT LIMITED B 405000 350.80
19/3/2010 500033 Force Motors ANANT TRADING COMPANY S 204682 355.00
19/3/2010 500033 Force Motors RISHAB TRADING COMPANY S 200318 346.50
19/3/2010 512493 Garnet Intl NISHU FINLEASE PVT. LTD. B 23700 105.00
19/3/2010 532770 Hanung Toys AASHKA CONSTRUCTION PRIVATE LIMITED S 131088 187.40
19/3/2010 531025 Inca Finlease ANUJ GARG B 20000 90.30
19/3/2010 531025 Inca Finlease ANUJ GARG S 20000 90.30
19/3/2010 523844 Invicta Meditek SIMRAN SUNIL RAHEJA S 28000 6.00
19/3/2010 523467 Jai Mata Glass SUNHILL TRADING PRIVATE LIMITED B 84795 3.44
19/3/2010 520051 Jamna Auto MUKUND MOTOR PARTS PVT LTD B 200000 80.13
19/3/2010 533155 JUBL FOOD SMART EQUITY BROKERS PRIVATE LIMITED B 456901 328.33
19/3/2010 533155 JUBL FOOD OPG SECURITIES P LTD B 375725 328.78
19/3/2010 533155 JUBL FOOD HDFC MUTUAL FUND A/C GROWTH FUND B 542000 318.31
19/3/2010 533155 JUBL FOOD SMART EQUITY BROKERS PRIVATE LIMITED S 456901 328.64
19/3/2010 533155 JUBL FOOD OPG SECURITIES P LTD S 375725 328.97
19/3/2010 531784 Kadamb Constr SILVERPEARL TRADING PRIVATE LIMITED S 100000 51.75
19/3/2010 531784 Kadamb Constr CLOCK SIGN TRADING CO PVT LTD S 153500 51.93
19/3/2010 531784 Kadamb Constr TARANG DEALCOM PRIVATE LTD S 100000 52.02
19/3/2010 531784 Kadamb Constr PARAS VALCHAND MEHTA S 75000 52.01
19/3/2010 531784 Kadamb Constr CHIRAG MOOLCHAND JAIN S 100000 52.00
19/3/2010 530955 Kailash Ficom VISHAL INFORMATION TECHNOLOGIES LTD B 175000 25.40
19/3/2010 523810 Kaleidoscope Films SKM TRAVELS PRIVATE LIMIT ED B 300000 7.37
19/3/2010 523810 Kaleidoscope Films SHASHANK SINGHANIA S 267650 7.37
19/3/2010 502933 Katare Spin M SUNIL KUMAR YADAV B 37000 20.92
19/3/2010 502933 Katare Spin VISHAL AGARWAL S 33999 20.68
19/3/2010 530255 KAY Power PRAKASH CHAND GUPTA B 74500 15.50
19/3/2010 530255 KAY Power VISHAL PIPES LTD B 60000 15.92
19/3/2010 530255 KAY Power BAMPSL SECURITIES LTD B 169786 16.16
19/3/2010 530255 KAY Power BAMPSL SECURITIES LTD S 271000 15.51
19/3/2010 530255 KAY Power PRAKASH CHAND GUPTA S 115500 15.51
19/3/2010 530255 KAY Power GIRRAJ PRASAD GUPTA S 99975 16.30
19/3/2010 526015 Kemrock Inds KALPESH MAHENDRABHAI PATEL B 58600 454.10
19/3/2010 531602 Koffee Break KHYATI HASMUKH DADIA B 500000 1.39
19/3/2010 531515 Mahan Inds JIGNESH CHANDRAKANT SHAH B 505000 6.16
19/3/2010 590111 MASTER AMBICA RAMASUDARSAN TEJANAGA VENKATA PERLA S 47789 37.49
19/3/2010 513303 Modern Steel SHALLU BANSAL B 30000 32.92
19/3/2010 531096 Mount Everest Min IMRAN A RUPANI S 35019 68.52
19/3/2010 532724 Mounteverest Trd AAMOD SECURITIES PRIVATE LTD B 22455 159.01
19/3/2010 532724 Mounteverest Trd BP FINTRADE PRIVATE LIMITED S 7501 156.73
19/3/2010 532553 MSK Projects GENUINE STOCK BROKERS PVT. LTD. B 164543 146.14
19/3/2010 532553 MSK Projects TRANSGLOBAL SECURITIES LTD. B 284049 141.50
19/3/2010 532553 MSK Projects KHANDWALA TRADE LINK COMPANY B 116523 141.99
19/3/2010 532553 MSK Projects SUNEET LAL B 196530 137.00
19/3/2010 532553 MSK Projects MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 284076 142.95
19/3/2010 532553 MSK Projects CHANDARANA INTERMIDIARY BROKERS PVT LTD B 185437 140.65
19/3/2010 532553 MSK Projects SAL REAL ESTATE PRIVATE LIMITED B 145000 135.72
19/3/2010 532553 MSK Projects VORA FINANCIAL SERVICES LIMITED B 400000 153.56
19/3/2010 532553 MSK Projects JMP SECURITIES PVT LTD B 253024 150.20
19/3/2010 532553 MSK Projects GENUINE STOCK BROKERS PVT. LTD. S 164543 146.12
19/3/2010 532553 MSK Projects TRANSGLOBAL SECURITIES LTD. S 284049 141.29
19/3/2010 532553 MSK Projects KHANDWALA TRADE LINK COMPANY S 116523 142.30
19/3/2010 532553 MSK Projects SUNEET LAL S 196530 137.16
19/3/2010 532553 MSK Projects MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 284076 143.00
19/3/2010 532553 MSK Projects CHANDARANA INTERMIDIARY BROKERS PVT LTD S 185437 140.59
19/3/2010 532553 MSK Projects VORA FINANCIAL SERVICES LIMITED S 400000 153.55
19/3/2010 532553 MSK Projects JMP SECURITIES PVT LTD S 215109 150.01
19/3/2010 532553 MSK Projects PACIFIC CORPORATE SERVICES LTD S 120000 135.29
19/3/2010 531049 Neelkanth Rock VORA CONSTRUCTION LTD B 34400 6.31
19/3/2010 531049 Neelkanth Rock SURESH BHOORCHAND SHAH S 40000 6.33
19/3/2010 519560 Neha Intl A3N HOLDINGS S 80000 133.00
19/3/2010 511551 Networth Stock PNV ENTERPRISES PVT LTD. B 58568 39.25
19/3/2010 511551 Networth Stock M P RECYCLING CO PVT LTD S 58568 39.25
19/3/2010 532986 Niraj Cement RAJIV GANDHI B 76574 52.81
19/3/2010 532986 Niraj Cement RAJIV GANDHI S 134728 52.52
19/3/2010 511523 Niyati Inds YOGESH MAHASUKLAL SHAH B 200000 0.70
19/3/2010 511523 Niyati Inds VEENABEN PRAKASHBHAI SHAH S 200000 0.70
19/3/2010 531791 Novagold Petro PRAKASH MUNOT B 30000 4.10
19/3/2010 531791 Novagold Petro NARPAT MANROOPCHAND MUNOT B 30000 4.10
19/3/2010 531791 Novagold Petro NILESH KRUSHNA PALANDE S 90000 4.10
19/3/2010 524764 Nutraplus Prod MAHIMNA SECURITIES PRIVATE LTD B 20844 24.60
19/3/2010 531496 Omkar Overseas SHRENI SHARES PRIVATE LTD B 28300 61.81
19/3/2010 531496 Omkar Overseas ARVIND KASHMIRILAL PUNJABI B 40000 61.67
19/3/2010 531496 Omkar Overseas VIJAY VELJIBHAI PADHARIA S 45000 61.91
19/3/2010 512097 Oregon Comm KRUPA SANJAY SONI B 11340 202.48
19/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED B 15750 202.25
19/3/2010 512097 Oregon Comm SHIVA INVESTMENT S 7000 202.25
19/3/2010 512097 Oregon Comm ANUKARAN COMMERCIAL ENTERPRISES LIMITED S 20000 203.50
19/3/2010 531726 Panchsheel Org KISHORE ABHAYCHAND TURAKHIA B 65000 20.28
19/3/2010 531726 Panchsheel Org VISHAL C SHAH S 34400 20.33
19/3/2010 531726 Panchsheel Org KAMLESH M GANDHI S 48100 20.28
19/3/2010 530923 Passari Cellu PAWAN AGARWAL (HUF) B 25550 60.11
19/3/2010 530923 Passari Cellu GAUTAM GAUTHI HUF S 40050 62.45
19/3/2010 531855 Prabhav Inds JAGDISH R THAKKAR S 60000 60.50
19/3/2010 531855 Prabhav Inds HASMUKHBHAI KOKILABEN THAKKAR S 50000 60.21
19/3/2010 509839 Punjab Wool DHEERAJ KUMAR LOHIA S 57000 7.27
19/3/2010 509839 Punjab Wool GOKUL YEEPU S 60000 7.31
19/3/2010 522257 Rajoo Engineers RAJESH NANALAL DOSHI B 297000 10.01
19/3/2010 522257 Rajoo Engineers ATULBHAI C PANDYA S 297000 10.01
19/3/2010 590077 Ranklin Sol SATYANARAYANA VARAPRASAD GARIKIPATY S 31896 58.24
19/3/2010 532124 Reliable Vent GARNET INTERNATIONAL LIMITED B 60000 23.71
19/3/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 105385 95.40
19/3/2010 530271 Rich Capital SAKHI BARTER PVT LTD S 100000 95.25
19/3/2010 512359 Rotam Comm SHYAM CONSTRUCTION B 7000 133.77
19/3/2010 512359 Rotam Comm S B MALANI SONS S 10000 130.00
19/3/2010 531215 RTS Power SHARP INVESTMENTS LTD B 40000 62.35
19/3/2010 531215 RTS Power SETH GANGARAM BHUTORIA JANAKALYAN TRUST S 40000 62.35
19/3/2010 514304 S Kumar Nation JMP SECURITIES PVT LTD B 1202490 63.66
19/3/2010 514304 S Kumar Nation JMP SECURITIES PVT LTD S 1221398 62.25
19/3/2010 531781 Sapan Chem SAGAR BHALLA HUF B 50000 5.75
19/3/2010 531781 Sapan Chem NILESH KRUSHNA PALANDE S 150000 5.75
19/3/2010 512289 Shirpur Gold MEHTA NEMISH JAYKISHOR B 145550 183.04
19/3/2010 512289 Shirpur Gold MEHTA NEMISH JAYKISHOR S 145547 182.87
19/3/2010 533001 Somi Conveyor DIPAKK SHAH B 111011 16.12
19/3/2010 531645 Southern Ispat SAROJ GARG B 100000 24.63
19/3/2010 531645 Southern Ispat DEEPAK HARIDAS MALVADE B 100000 24.79
19/3/2010 531645 Southern Ispat SRK BUSINESS VENTURES PRIVATE LIMITED B 60000 24.93
19/3/2010 531645 Southern Ispat SUNITA BAJAJ S 65000 24.53
19/3/2010 531645 Southern Ispat RAJESH KUMAR BAJAJ S 65000 24.58
19/3/2010 531645 Southern Ispat RAJESH KUMAR BAJAJ HUF S 65000 24.54
19/3/2010 531645 Southern Ispat RAJANBABU VENKATAMALLU GADDAM S 100000 24.69
19/3/2010 513414 Sujana Metal SAFFRON FINANCE LIMITED B 1883146 25.80
19/3/2010 513414 Sujana Metal SAFFRON FINANCE LIMITED S 1683146 26.07
19/3/2010 526133 Supertex Inds NILESH SEVENTIBHAI MEHTA S 500000 2.31
19/3/2010 533101 SURYAMBA SP POONAM MITTAL B 20000 27.40
19/3/2010 533101 SURYAMBA SP KANNU DEVI B 20000 28.70
19/3/2010 533101 SURYAMBA SP POONAM MITTAL S 20000 28.70
19/3/2010 533101 SURYAMBA SP KANNU DEVI S 20000 27.40
19/3/2010 519091 Tasty Bite RAM DEVI B 25000 165.05
19/3/2010 519091 Tasty Bite HEMANT KUMAR BHURA HUF B 25001 171.95
19/3/2010 519091 Tasty Bite RAM DEVI S 25000 171.95
19/3/2010 519091 Tasty Bite HEMANT KUMAR BHURA HUF S 25001 165.05
19/3/2010 533164 TEXMO PIPES GENUINE STOCK BROKERS PVT. LTD. B 659755 109.15
19/3/2010 533164 TEXMO PIPES SMART EQUITY BROKERS PRIVATE LIMITED B 237982 109.71
19/3/2010 533164 TEXMO PIPES TRANSGLOBAL SECURITIES LTD. B 162719 108.61
19/3/2010 533164 TEXMO PIPES A K G STOCK BROKERS PRIVATE LIMITED B 154746 107.92
19/3/2010 533164 TEXMO PIPES SUNEET LAL B 60359 109.08
19/3/2010 533164 TEXMO PIPES MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 84141 107.01
19/3/2010 533164 TEXMO PIPES CHANDARANA INTERMIDIARY BROKERS PVT LTD B 202591 107.73
19/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. B 242553 108.22
19/3/2010 533164 TEXMO PIPES SANJEEV SINGHAL B 120272 107.73
19/3/2010 533164 TEXMO PIPES OPG SECURITIES P LTD B 169784 108.37
19/3/2010 533164 TEXMO PIPES ANITA SINGHAL B 61969 107.33
19/3/2010 533164 TEXMO PIPES SUSHILA DAVI BAFNA B 102100 108.48
19/3/2010 533164 TEXMO PIPES M/S ARV ENTERPRISES B 72806 108.77
19/3/2010 533164 TEXMO PIPES R M SHARES TRADING PRIVATE LIMITED B 149578 108.81
19/3/2010 533164 TEXMO PIPES PRAVEEN KUMAR KHAZANCHI B 57897 106.90
19/3/2010 533164 TEXMO PIPES RKSV SECURITIES INDIA PRIVATE LIMITED B 145362 110.86
19/3/2010 533164 TEXMO PIPES DHARMESH BHANDARI B 60000 104.13
19/3/2010 533164 TEXMO PIPES CHD CAPITAL LIMITED B 100000 110.39
19/3/2010 533164 TEXMO PIPES H J SECURITIES PVT LTD B 57039 110.94
19/3/2010 533164 TEXMO PIPES DEEPAK POPATLAL VORA B 114226 107.76
19/3/2010 533164 TEXMO PIPES NAVEEN TAPARIA B 58808 108.42
19/3/2010 533164 TEXMO PIPES GENUINE STOCK BROKERS PVT. LTD. S 659755 109.24
19/3/2010 533164 TEXMO PIPES SMART EQUITY BROKERS PRIVATE LIMITED S 237982 109.90
19/3/2010 533164 TEXMO PIPES TRANSGLOBAL SECURITIES LTD. S 161719 108.36
19/3/2010 533164 TEXMO PIPES A K G STOCK BROKERS PRIVATE LIMITED S 156496 108.28
19/3/2010 533164 TEXMO PIPES SUNEET LAL S 60359 108.87
19/3/2010 533164 TEXMO PIPES MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 84141 107.06
19/3/2010 533164 TEXMO PIPES CHANDARANA INTERMIDIARY BROKERS PVT LTD S 202591 107.66
19/3/2010 533164 TEXMO PIPES MARWADI SHARES AND FINANCE LTD. S 242553 108.35
19/3/2010 533164 TEXMO PIPES SANJEEV SINGHAL S 120272 108.01
19/3/2010 533164 TEXMO PIPES OPG SECURITIES P LTD S 169784 108.61
19/3/2010 533164 TEXMO PIPES ANITA SINGHAL S 61969 107.43
19/3/2010 533164 TEXMO PIPES SUSHILA DAVI BAFNA S 102100 106.99
19/3/2010 533164 TEXMO PIPES M/S ARV ENTERPRISES S 72806 108.11
19/3/2010 533164 TEXMO PIPES R M SHARES TRADING PRIVATE LIMITED S 149578 109.04
19/3/2010 533164 TEXMO PIPES PRAVEEN KUMAR KHAZANCHI S 57897 106.82
19/3/2010 533164 TEXMO PIPES RKSV SECURITIES INDIA PRIVATE LIMITED S 145362 111.21
19/3/2010 533164 TEXMO PIPES DHARMESH BHANDARI S 60000 110.17
19/3/2010 533164 TEXMO PIPES CHD CAPITAL LIMITED S 100000 103.87
19/3/2010 533164 TEXMO PIPES H J SECURITIES PVT LTD S 57039 111.19
19/3/2010 533164 TEXMO PIPES DEEPAK POPATLAL VORA S 114226 107.73
19/3/2010 533164 TEXMO PIPES NAVEEN TAPARIA S 58808 107.83
19/3/2010 531831 Unisys Soft JHUNJHUNWALA VANASPATI LTD B 200000 32.20
19/3/2010 531831 Unisys Soft PANKAJKI KAVAT B 120000 32.20
19/3/2010 531831 Unisys Soft NILESH VASANTLAL KIKAVAT B 163000 32.20
19/3/2010 531831 Unisys Soft JITENDRE VASANTLAL KIKAVAT B 138000 32.20
19/3/2010 531831 Unisys Soft PRADIP KUMAR PUROHIT S 475000 32.20
19/3/2010 531831 Unisys Soft PRIME CAPITAL MARKET LIMITED S 500000 32.20
19/3/2010 531831 Unisys Soft PRAVIN TUKARAM SAWANT S 421500 32.20
19/3/2010 531831 Unisys Soft WINSHER COMMOTRADE PRIVET LIMITED S 165155 32.20
19/3/2010 532765 Usher Agro SUMAN DEVI B 168326 54.90
19/3/2010 532765 Usher Agro M/S. RIKHAV INVESTMENTS B 106525 54.89
19/3/2010 532765 Usher Agro SUMAN DEVI S 168326 55.16
19/3/2010 532765 Usher Agro M/S. RIKHAV INVESTMENTS S 106525 55.00
19/3/2010 511431 Vakrangee Soft TRANSGLOBAL SECURITIES LTD. B 115653 94.47
19/3/2010 511431 Vakrangee Soft TRANSGLOBAL SECURITIES LTD. S 113788 94.41
19/3/2010 531962 Valley Indiana RAJKUMAR KALURAM JAIN S 29300 12.60
19/3/2010 531874 Venus Ventures METRO CITY COMMODITIES & DERIVATIVES LIMITED B 44000 11.66
19/3/2010 531874 Venus Ventures SOSHA CREDIT PRIVATE LIMITED S 44000 11.65
19/3/2010 531249 Well Pack Papers SHOBHNABEN RAMESHBHAI PARMAR S 357000 29.25
19/3/2010 531249 Well Pack Papers RAJESH RAVINARAYAN HATI S 357000 29.41
18/3/2010 526133 Supertex Inds SUPER INFINCON PVT LTD B 903000 2.43
17/3/2010 526133 Supertex Inds SUPER INFINCON PVT LTD B 715000 2.47
16/3/2010 526133 Supertex Inds SUPER INFINCON PVT LTD B 1354044 2.42
12/3/2010 526133 Supertex Inds SUPER INFINCON PVT LTD S 1000000 2.90
* B - Buy, S - Sell
NSE Bulk Deals to Watch - March 19 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
19-MAR-2010,AMRUTANJAN,Amrutajan Health Ltd,ANIL KUMAR GOEL,BUY,1175,782.52,-
19-MAR-2010,AMRUTANJAN,Amrutajan Health Ltd,SHWETA VANIJYA PVT LTD,BUY,137000,809.68,-
19-MAR-2010,ANTGRAPHIC,Antarctica Graphics Ltd,KIRAN BANSAL PROP. M/S SATISH K. BANSAL & CO.,BUY,789719,0.45,-
19-MAR-2010,ANTGRAPHIC,Antarctica Graphics Ltd,LISSY RAJENDRAN NIDHIN,BUY,996200,0.50,-
19-MAR-2010,ARSSINFRA,ARSS Infra Proj. Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,121565,915.06,-
19-MAR-2010,DLINKINDIA,D-Link India Ltd,Minal Patel,BUY,562200,20.30,-
19-MAR-2010,GTL,GTL Limited,GLOBAL HOLDING CORPORATION PRIVATE LIMITED,BUY,4045431,407.15,-
19-MAR-2010,JKTYRE,JK Tyre & Industries Ltd,SHRADDHA NILESH MEHTA,BUY,178350,208.32,-
19-MAR-2010,JUBLFOOD,Jubilant Foodworks Limite,HDFC MUTUAL FUND A/C GROWTH FUND,BUY,1558000,319.77,-
19-MAR-2010,KAVVERITEL,Kavveri Telecom Products,VISHU ENTERPRISE (VISHWANATH HETRAM VARMA),BUY,222,80.75,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,BLUE PEACOCK SECURITIES PVT LT,BUY,124500,139.20,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,BP FINTRADE PRIVATE LIMITED,BUY,290691,142.57,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,182841,141.15,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,GENUINE STOCK BROKERS PVT LTD,BUY,200503,145.77,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,JMP SECURITIES PVT LTD,BUY,449831,152.64,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,KHANDWALA TRADELINK CO,BUY,134026,140.28,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,MANIPUT INVESTMENTS PVT. LTD.,BUY,133168,148.10,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,168015,149.06,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,OM INVESTMENTS,BUY,170708,143.71,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,ROOPCHAND BHANSAHLI HUF,BUY,247678,139.23,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,SHYAM SUNDER GUPTA,BUY,155745,140.97,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,SUNEET LAL,BUY,232899,137.68,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,TRANSGLOBAL SECURITIES LTD.,BUY,280044,141.02,-
19-MAR-2010,PONNIERODE,Ponni Sugars (Erode) Limi,COROMANDEL SUGARS LIMITED,BUY,100000,103.97,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,BLUE PEACOCK SECURITIES PVT LT,BUY,1188684,60.99,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1484029,60.68,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,JMP SECURITIES PVT LTD,BUY,1344111,63.57,-
19-MAR-2010,SMARTLINK,Smartlink Network Sys Ltd,Minal Patel,BUY,437400,34.05,-
19-MAR-2010,SMPL,Sujana Metal Products Ltd,SAFFRON FINANCE LIMITED,BUY,1319247,26.39,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,BUY,108840,108.61,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,163006,108.84,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ALIVE CONSULTANTS ALIVE,BUY,65195,107.89,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAFNA RAMESH KUMAR,BUY,211112,108.41,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BP FINTRADE PRIVATE LIMITED,BUY,154441,107.85,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,161196,107.40,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DEEPAK SHANTILAL CHHEDA,BUY,80896,109.35,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,774889,108.84,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GKN SECURITIES,BUY,69382,108.24,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,HANUMANTHA THALAPPANADU,BUY,66524,111.16,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDIA ADVANTAGE SECURITIES LTD.,BUY,72377,109.33,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,LAXMI GOVIND KULKARNI,BUY,63000,107.46,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,196368,108.35,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR ASHKARAN,BUY,63105,109.45,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,301136,108.30,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,62408,108.00,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMITA JAIN,BUY,63050,109.83,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NEELANCHAL MERCANTILE PVT.LTD.,BUY,100667,106.16,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,BUY,394212,109.04,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R APPALA RAJU,BUY,115000,110.59,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R S SINDHU,BUY,161534,109.53,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R.M. SHARE TRADING PVT LTD,BUY,157859,109.29,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,RISHABHKUMAR M JAIN HUF,BUY,73074,108.50,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANJAY BHANWARLAL JAIN,BUY,88354,109.29,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMITA M PATEL,BUY,61205,105.70,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,BUY,80648,109.44,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,203566,108.02,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VAIBHAV DOSHI,BUY,111665,108.42,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VINAN BROKING SERVICES PVT LTD,BUY,61746,108.49,-
19-MAR-2010,THINKSOFT,Thinksoft Global Ser Ltd,BHAKTISURI SHARES AND SERVICES,BUY,2571,219.52,-
19-MAR-2010,UMESL,Usha Martin Edu & Sol Ltd,BP FINTRADE PRIVATE LIMITED,BUY,226882,37.72,-
19-MAR-2010,AMRUTANJAN,Amrutajan Health Ltd,ANIL KUMAR GOEL,SELL,50503,810.00,-
19-MAR-2010,AMRUTANJAN,Amrutajan Health Ltd,SEEMA GOEL,SELL,15500,810.00,-
19-MAR-2010,ANTGRAPHIC,Antarctica Graphics Ltd,KIRAN BANSAL PROP. M/S SATISH K. BANSAL & CO.,SELL,790542,0.50,-
19-MAR-2010,ANTGRAPHIC,Antarctica Graphics Ltd,LISSY RAJENDRAN NIDHIN,SELL,996200,0.45,-
19-MAR-2010,ARSSINFRA,ARSS Infra Proj. Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,121565,915.26,-
19-MAR-2010,DLINKINDIA,D-Link India Ltd,Minal Patel,SELL,10000,28.24,-
19-MAR-2010,DLINKINDIA,D-Link India Ltd,PAT Financial Consultants Pvt Ltd,SELL,563000,20.31,-
19-MAR-2010,GTL,GTL Limited,GHC INTERNATIONAL LIMITED,SELL,4045431,407.15,-
19-MAR-2010,JKTYRE,JK Tyre & Industries Ltd,SHRADDHA NILESH MEHTA,SELL,210575,206.50,-
19-MAR-2010,KAVVERITEL,Kavveri Telecom Products,VISHU ENTERPRISE (VISHWANATH HETRAM VARMA),SELL,53645,83.12,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,BLUE PEACOCK SECURITIES PVT LT,SELL,124500,139.13,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,BP FINTRADE PRIVATE LIMITED,SELL,288681,142.56,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,182841,141.40,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,GENUINE STOCK BROKERS PVT LTD,SELL,200503,145.94,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,JMP SECURITIES PVT LTD,SELL,306277,152.53,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,KHANDWALA TRADELINK CO,SELL,132526,139.92,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,MANIPUT INVESTMENTS PVT. LTD.,SELL,133168,148.24,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,151932,148.75,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,OM INVESTMENTS,SELL,170708,143.76,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,PACIFIC CORPORATE SERVICES LTD,SELL,120000,135.27,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,SHYAM SUNDER GUPTA,SELL,155745,144.06,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,SUNEET LAL,SELL,232899,137.64,-
19-MAR-2010,MSKPROJ,MSK Projects (India) Limi,TRANSGLOBAL SECURITIES LTD.,SELL,280044,141.32,-
19-MAR-2010,PONNIERODE,Ponni Sugars (Erode) Limi,VENBRO INVESTMENTS AND FINANCIAL SERVICES LIMITED,SELL,100000,103.97,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,BLUE PEACOCK SECURITIES PVT LT,SELL,1189234,59.66,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1484029,60.75,-
19-MAR-2010,SKUMARSYNF,S. Kumars Nationwide Ltd,JMP SECURITIES PVT LTD,SELL,1294111,61.91,-
19-MAR-2010,SMARTLINK,Smartlink Network Sys Ltd,Gandiv Investment Pvt Ltd,SELL,437900,34.06,-
19-MAR-2010,SMPL,Sujana Metal Products Ltd,SAFFRON FINANCE LIMITED,SELL,1319077,26.12,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,SELL,108840,108.80,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,163006,108.69,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ALIVE CONSULTANTS ALIVE,SELL,65195,107.65,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BAFNA RAMESH KUMAR,SELL,211112,107.90,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,BP FINTRADE PRIVATE LIMITED,SELL,154441,107.37,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,161196,107.67,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,DEEPAK SHANTILAL CHHEDA,SELL,80896,109.28,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,774889,108.94,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GKN SECURITIES,SELL,69382,107.80,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,HANUMANTHA THALAPPANADU,SELL,66524,109.10,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,INDIA ADVANTAGE SECURITIES LTD.,SELL,72377,109.31,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,LAXMI GOVIND KULKARNI,SELL,63000,110.54,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,196368,108.49,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MANISH KUMAR ASHKARAN,SELL,63105,109.84,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,301136,108.42,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,57533,108.44,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NAMITA JAIN,SELL,63050,108.53,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,NEELANCHAL MERCANTILE PVT.LTD.,SELL,100667,111.11,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,SELL,394212,109.12,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R APPALA RAJU,SELL,115000,111.24,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R S SINDHU,SELL,161534,109.69,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,R.M. SHARE TRADING PVT LTD,SELL,157859,109.23,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,RISHABHKUMAR M JAIN HUF,SELL,73074,108.77,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SANJAY BHANWARLAL JAIN,SELL,88354,109.68,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SMITA M PATEL,SELL,61205,105.83,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,SELL,80648,109.62,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,203604,108.45,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VAIBHAV DOSHI,SELL,111665,108.62,-
19-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,VINAN BROKING SERVICES PVT LTD,SELL,61746,108.37,-
19-MAR-2010,THINKSOFT,Thinksoft Global Ser Ltd,BHAKTISURI SHARES AND SERVICES,SELL,51571,219.57,-
19-MAR-2010,UMESL,Usha Martin Edu & Sol Ltd,BP FINTRADE PRIVATE LIMITED,SELL,229898,38.22,-
Persistent Systems Oversubscription Details
| Qualified Institutional Buyers (QIBs) | 144.4276 |
| Non Institutional Investors | 107.7328 |
| Retail Individual Investors (RIIs) | 21.6889 |
Telecom shares, RIL propel key indices to 2-month closing highs
The key benchmarks attained two month closing highs after moving in a tight range throughout the day. Index heavyweight Reliance Industries (RIL) surged in late rally. IT and realty stocks fell. But, PSU banks, auto and consumer durables stocks rose. Some side counters surged. The BSE 30-share Sensex rose 58.97 points or 0.34%, up close to 80 points from the day's low and off close to 20 points from the day's high.
The market was volatile. The market edged higher in early trade. It soon trimmed gains. The market surged again in morning trade, with the 50-unit S&P CNX Nifty hitting its highest level in two months. The market once gain trimmed gains. The market regained strength after hitting a fresh intraday low in morning trade. The market erased almost the entire intraday gains in mid-morning trade. It recovered later. The market slipped into the red in afternoon trade. Stocks regained positive zone after hitting fresh intraday lows in afternoon trade. The market pared gains after hitting a two-month high in late trade.
The market may remain volatile in the near term as traders rollover positions in derivatives segment from the March 2010 series to the April 2010 series ahead of the expiry of the expiry of the near-month March 2010 derivatives contracts on Thursday, 25 March 2010. The market remains closed on Wednesday, 24 March 2010, on account of Ram Navmi.
Encouraging Q4 March 2010 advance tax figures of top Indian firms, indicating good Q4 March 2010 results, has boosted the bourses this week. The market has also witnessed a strong post-Budget rally driven by sustained buying by foreign funds since the presentation of the Union Budget 2010-2011 on 26 February 2010. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 10525.80 crore this month, till 18 March 2010.
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.
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.
Global rating agency Standard & Poor's on Thursday revised India's rating outlook to stable from negative. S&P affirmed long-term and short-term sovereign credit ratings on India. The revision in outlook by S&P reflects its view that India's fiscal position could now begin to recover and that its economy will remain on a strong growth path. The government budget targets a general government (including central and state governments) deficit of 8.3% in the fiscal year ending 31 March 2011, from 9.8% in the previous fiscal year, S&P said.
S&P also estimated that India's gross domestic product will grow 8% in the year ending March 31, 2011, higher than its forecast earlier, adding India's external position was resilient. Even so, India's ratings continue to be constrained by the government's high debt burden and deficit, as well as India's weak fiscal profile, the rating agency said.
The food price inflation eased for the second straight week in early March but fuel inflation rose, maintaining the case for the Reserve Bank of India (RBI) to raise borrowing rates at its April policy review. Steepening inflation has seen markets pricing in a 25 to 50 basis point interest rate hike in April. The central bank is open to taking policy action before its April review, Deputy Governor K.C. Chakrabarty said on Thursday, contrary to earlier comments that it would refrain from taking inter-policy steps.
Data released on Thursday showed the food price index rose 16.30% in the year to 6 March 2010, lower than an annual rise of 17.81% in the previous week. It was the second straight weekly easing of food price inflation and analysts expected the trend to continue, echoing policymakers' comments that high inflation was due to supply shortages and would cool off as the new winter-sown harvest reached the market.
The fuel price index rose 12.68 % in the year to 6 March 2010, up from an annual rise of 11.38% in the previous week. The government had hiked state-set retail fuel prices at the end of February.
Key policymakers have said headline inflation would ease over the next two months, after the finance minister said it could top 10% in March following a reading of 9.89% in February. But in a sign the government was giving the green light to a rate hike, a top policy adviser said the Reserve Bank of India ought to carefully consider a return to a normal monetary policy.
Government officials have had until recently called for the Reserve Bank of India to ensure that any possible rate hike does not put the country's economic recovery at risk. The RBI has to balance managing the government's record $100 billion borrowing plan for the 2010/11 fiscal year with supporting growth and taming inflation.
Meanwhile, the Centre today approved 8% hike in dearness allowance (DA) for government employees and pensioners with effect from 1 January 2010. The hike in DA will result in annual outgo of Rs 6970 crore for the government. The dearness allowance is linked to the percentage rise in the 12-month average of the consumer price index and is revised twice a year.
Commerce and Industry Minister Anand Sharma urged US companies on Thursday to jump on board India's rapid growth and help it expand its manufacturing base.
Several companies have paid a higher tax this quarter according to the preliminary data, indicating better fourth quarter results. Reliance Industries has paid Rs 770 crore as advance tax for the March quarter compared with Rs 365 crore a year ago. Infosys' tax outgo has doubled to Rs 250 crore from Rs 125 crore. Tata Consultancy Services paid Rs 178 crore, compared from Rs 53 crore earlier. State-run Union Bank of India paid Rs 185 crore compared with Rs 253 crore a year ago. ICICI Bank's Q3 advance tax stood at Rs 350 crore versus Rs 250 crore a year ago. Asian Paints paid Rs 60 crore, versus Rs 43 crore year earlier.
State Bank of India has paid Rs 1857 crore verses Rs 1810. HDFC paid Rs 280 crore, unchanged from a year earlier. Tata Motors paid Rs 115 crore versus Nil a year ago. Bank of Baroda paid Rs 300 crore verses Rs 280. Zee Entertainment Enterprises paid Rs 97 crore versus Rs 109. Tata Steel paid Rs 513 crore versus Rs 406 crore. L&T paid Rs 270 crore versus Rs 275 crore. Bajaj Auto paid Rs 177 crore versus Rs 60 crore. M&M paid Rs 235 crore versus nil a year earlier.
Cement maker ACC paid Rs 330 crore compared to Rs 340 crore a year ago. Ambuja Cement paid Rs 120 crore, compared with Rs 125 crore a year ago. Aditya Birla Group firm Grasim Industries paid Rs 216 crore as advance tax in the period under review, as compared to Rs 65 crore a year ago. Life Insurance Corp of India (LIC) has paid Rs 864 crore as advance tax for the March quarter, compared with Rs 810 crore year ago.
Banks led European shares higher on Friday as Lloyds Banking Group surged after the lender said it would return to profitability in 2010. The key benchmark indices in France, Germnay and UK rose by between 0.28% to 0.72%.
Concerns over Greece's debt problems persisted on Friday. The country raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, saying it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF.
Asian stocks rose after an early flip flop on Friday, led by Japanese car and electronics makers, after reports on fewer US jobless claims and higher manufacturing boosted confidence in the recovery of the world's biggest economy. The key benchmark indices in Japan, Indonesia, Hong Kong, South Korea, Singapore China and Taiwan rose by between 0.15% to 0.71%.
Trading in US index futures indicated that the Dow could gain 7 points at the opening bell on Friday, 19 March 2010.
US markets ended a choppy trading session higher with the Dow hitting a fresh 52-week high. Markets opened higher after jobless claims came in line with estimates and the CPI for February came in flat. But it lost steam midday as the dollar gained. The Dow Jones Industrial Average closed 45.50 points or 0.42% higher at 10,779.17. The Nasdaq Composite ended at 2,391.28, up 2.19 points or 0.09%. But, the S&P 500 was down 0.38 points or 0.03% at 1,165.83.
Closer home, the BSE 30-share Sensex rose 58.97 points or 0.34% to 17578.23, its highest closing level since 18 January 2010. The barometer index rose 81.61 points at the high of 17,600.87 in late trade. The Sensex fell 16.91 points at the day's low of 17,502.35 in afternoon trade.
The S&P CNX Nifty rose 16.90 points or 0.32% at 5262.80, its highest closing level since 18 January 2010. It hit a high of 5269.95 in late trade.
The BSE Mid-Cap index rose 0.07% and underperformed Sensex. The BSE Small-Cap index gained 0.37% and outperformed Sensex
The BSE Consumer Durables index (up 1.09%), the BSE Oil & Gas index (up 0.78%), the BSE HealthCare index (up 0.57%), the BSE Auto index (up 0.46%), the BSE PSU index (up 0.46%), the BSE Metal index (up 0.35%), outperformed the Sensex.
The BSE Realty index (down 0.95%), the BSE IT index (down 0.45%), the BSE Capital Goods index (up 0.16%), the BSE Bankex (up 0.21%), the BSE Power index (up 0.27%), the BSE Teck index (up 0.29%), the BSE FMCG index (up 0.31%), underperformed the Sensex.
The market breadth, indicating overall health of the market turned negative. The breadth was positive earlier in the day. On BSE, 1381 shares advanced as compared with 1459 that declined. A total of 111 shares remained unchanged.
Among the 30 Sensex stocks, 17 stocks rose and the rest fell.
BSE clocked a turnover of Rs 4853 crore, lower than Rs 5424.63 crore on Thursday, 18 March 2010.
Index heavyweight Reliance Industries (RIL) rose 1.37% to Rs 1089.80, extending recent rally triggered by expectations of good Q4 March 2010 results. As per the market buzz, RIL's Q4 advance tax surged to Rs 770 crore in Q4 March 2010 from Rs Rs 365 crore a year ago. Meanwhile, Reliance Industries is reportedly seeking a joint venture with Atlas Energy to develop the US firm's Marcellus Shale gas operations.
Reliance Industries on Sunday, 14 March 2010 announced a sports and entertainment joint venture with IMG Worldwide, a global leader in sports marketing and management. The equal venture, IMG Reliance, will set up modern infrastructure and coaching facilities for sports and create and operate sports and entertainment assets including celebrity management.
Some PSU banks rose after R. Copeland, secretary, financial services, in the finance ministry said the government will pump Rs 9000 crore into state-run banks under the first phase of capital injection. State Bank of India, Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India rose by between 0.09% to 2.67%.
Among private banks, India's largest private sector bank by net profit HDFC Bank rose 0.84%. Its ADR fell 1.2% on Thursday. India's largest private sector bank by net profit ICICI Bank fell 0.58%, on profit taking after the recent gains. The bank's Q3 advance tax payment surged to Rs 350 crore versus Rs 250 crore a year ago. Its ADR fell 0.35% on Thursday.
IT stocks fell on profit taking after recent gains triggered by positive economic data in US. US is the biggest market for the Indian IT firms. India's largest software services exporter by sales Tata Consultancy Services (TCS) fell 0.82%. The company said on Monday it signed a five year contract with Malaysia Airlines for providing end-to-end information technology infrastructure services. Meanwhile, TCS has paid Rs 178 crore in advance tax compared with Rs 53 crore a year earlier.
India's second largest software services exporter by sales Infosys fell 0.35% to Rs 2775.10 on profit taking after hitting an all-time high of Rs 2792.15 on Thursday. Its ADR rose 1.03% on Thursday. Infosys' fourth quarter advance tax payment doubled.
India's third largest software services exporter by sales Wipro fell 0.38%. Its ADR fell 1.07% on Thursday.
Realty shares fell after 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. Omaxe, DLF, HDIL, Indiabulls Real Estate fell by between 0.27% to 3.06 %.
Realty major DLF recently hinted that properties would turn dearer as developers would have to pass on the service tax burden to end-users.
Most auto stocks rose on strong advance tax payment in fourth installment, indicating good Q4 March 2010 results. India's largest bike maker by sales Hero Honda Motors rose 1.76%, extending Thursday's 0.58% gains. 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.
Bajaj Auto rose 1.39% on report a joint venture between Nissan Motor, Renault S.A. and Bajaj Auto is working to make a car that will match the price of Tata Motors' Nano.
India's largest car maker by sales Maruti Suzuki India rose 0.5%, on bargain hunting after recent fall triggered by fears increase in competition may dent sales. Recently, Ford India entered the small car market with 'Figo'.
Maruti Suzuki India, recently said that Japanese auto giant Nissan has placed orders for 35,000 units of its small car A- Star for 2010-11 to sell it in the European market. Nissan sources the A-Star from Maruti's Manesar facility and sells it in the European market as 'Pixo'.
India's largest commercial vehicle maker by sales Tata Motors rose 0.46%, extending recent gains. Tata group's global sales rose 59% in February from a year earlier, the company said in a statement on Monday.
But, India's largest tractor maker by sales Mahindra & Mahindra (M&M) fell 1.27%, falling for the straight third day. The company paid Rs 235 crore in advance tax in Q4 March 2010 versus nil payment a year earlier.
Increase in raw material prices coupled with costs associated with new emission norms could force auto makers to increase prices further, which may hit volumes. The government raised excise duties on large cars and sport utility vehicles by 2%, which was immediately passed on by vehicles makers, including top carmaker Maruti Suzuki and utility vehicle makers Mahindra & Mahindra and Tata Motors. From 1 April 2010, all vehicles will have to comply with Euro IV emission norms across 13 major cities, adding to costs and setting the stage for another round of price hikes.
India's largest mobile services provider by sales Bharti Airtel gained 3.25%, after the company submitted its application for 3G spectrum for all 22 service areas. Bharti Airtel on Friday said it had agreed with Apple Inc to sell its iPhone 3GS in India in the coming months.
India's second largest mobile services provider by sales Reliance Communications rose 1.98%. Idea Cellular gained 2.08%.
According to media reports earlier this week, the country's three largest mobile service operators -- Bharti Airtel, Reliance Communications and Vodafone Essar -- have submitted applications for third-generation mobile services in all 22 service areas. Relatively smaller players such as Idea Cellular, Tata Teleservices, Aircel are also expected to bid for licenses in several regions. Today is the last date for applying for 3G mobile spectrum
Under the auction, the government is offering three 3G licenses each in 17 of the 22 telecom service areas in the country, and four slots each in the remaining five regions. But given that there are more than four private-sector operators in most of the regions, competition between those operators is expected to force them to bid strongly.
Infrastructure stocks rose on government's thrust on the infrastructure sector in the latest Budget. 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. Punj Lloyd, Nagarjuna Construction Company, Hindustan Construction Company rose by between 0.17% to 2.09%.
India's largest engineering & construction firm by sales Larsen & Toubro (L&T) rose 0.22% after the company said a unit got orders worth Rs 1400 crore. The company on Wednesday said it got orders worth Rs 1013 crore. The company on Monday said that it won orders worth Rs 2000 crore. L&T's advance tax payment fell marginally to Rs 270 crore in Q4 March 2010 from Rs 275 crore a year earlier.
FMCG stocks fell on profit taking. ITC, India's top cigarette maker by sales, was flat. As per recent reports, ITC has increased prices by up to 20% following a duty hike in the Budget. A sharp hike in prices has in the past impacted volumes of the cigarette major negatively.
ITC, which had increased the prices of its flagship brand Gold Flake Kings by 7% prior to the Budget, has raised prices again by 8% to 20% across all brands, reports suggest. Cigarette business generates more than half of ITC's revenue and was the biggest contributor to its profit during the December 2009 quarter.
Hindustan Unilever rose 0.58% extending Thursday's 0.71% gains. According to reports, the company plans to take legal action against striking workers at its Haldia factory, where work has stopped since 2 March 2010 due to a strike by the Hindustan Unilever Shramik Union.
Among other FMCG stocks, Dabur India, Godrej Consumer Products, Marico and Tata Tea fell by between 0.05% to 1.45%.
Metal stocks rose on strong domestic demand. Jindal Steel & Power, Jindal Saw, National Aluminum Compsny, Steel Authority of India, Sesa Goa, rose by between 0.15% to 3.5%.
India's largest steel maker by sales Tata Steel rose 0.79%, gaining for the straight fifth day. Its Q4 advance tax payment rose to Rs 513 crore from Rs 406 crore a year earlier.
Cals Refineries clocked the highest volume of 3.83 crore shares on BSE. S Kumars Nationwide (1.71 crore shares), Amtek Auto (1.67 crore shares), Texmo Pipes (1.09 crore shares) and Jubilant Food Organosys (0.91 crore shares) were the other volume toppers in that order.
Jubilant Food Organosys clocked the highest turnover of Rs 313.39 crore on BSE. Amtek Auto (Rs 290.63 crore), ARSS Infra (Rs 189.96 crore), MSK Projects (Rs 137.73 crore) and Sterlite Industries (Rs 131.87 crore) were the other turnover toppers in that order.
Market may remain volatile on mixed Asian stocks
The market may remain volatile on mixed Asian stocks. Back home, the food price inflation eased for the second straight week in early March but fuel inflation rose, maintaining the case for the Reserve Bank of India (RBI) to raise borrowing rates at its April policy review. Steepening inflation has seen markets pricing in a 25 to 50 basis point interest rate hike in April. Data released on Thursday showed the food price index rose 16.30% in the year to 6 March 2010, lower than an annual rise of 17.81% in the previous week.
It was the second straight weekly easing of food price inflation and analysts expected the trend to continue, echoing policymakers' comments that high inflation was due to supply shortages and would cool off as the new, winter-sown harvest reached the market.
The fuel price index rose 12.68 % in the year to 6 March 2010, up from an annual rise of 11.38% in the previous week. The federal government had hiked state-set motor fuel prices at the end of February.
Key policymakers have said headline inflation would ease over the next two months, after the finance minister said it could top 10 % in March following a reading of 9.89% in February. But in a sign the government was giving the green light to a rate hike, a top policy adviser said the Reserve Bank of India ought to carefully consider a return to a normal monetary policy.
Government officials have had until recently called for the Reserve Bank of India to ensure any possible rate hike does not put the country's economic recovery at risk.The RBI has to balance managing the federal government's record $100 billion borrowing plan for the 2010/11 fiscal year with supporting growth and taming inflation.
Global rating agency Standard & Poor's revised India's rating outlook to stable from negative. S&P affirmed long-term and short-term sovereign credit ratings on India.The revision in outlook by S&P reflects its view that India's fiscal position could now begin to recover and that its economy will remain on a strong growth path. The government budget targets a general government (including central and state governments) deficit of 8.3% in the fiscal year ending 31 March 2011, from 9.8% in the previous fiscal year, S&P said. S&P also estimated that India's gross domestic product will grow 8% in the year ending March 31, 2011, higher than its forecast earlier, adding India's external position was resilient. Even so, India's ratings continue to be constrained by the government's high debt burden and deficit, as well as India's weak fiscal profile, the rating agency said.
Meanwhile, commerce and Industry Minister Anand Sharma urged U.S. companies on Thursday to jump on board India's rapid growth and help it expand its manufacturing base.
Coming back to stocks, encouraging Q4 March 2010 advance tax figures of top Indian firms, indicating good Q4 March 2010 results, boosted the bourses in the past three days. The Sensex hit a 2-month high on Wednesday, 17 March 2010. The market has also witnessed a strong post-Budget rally driven by sustained buying by foreign funds since the presentation of the Union Budget 2010-2011 on 26 February 2010. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 10041.13 crore this month, till 17 March 2010.
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.
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.
Several companies have paid a higher tax this quarter according to the preliminary data, indicating better fourth quarter results. Reliance Industries has paid Rs 770 crore as advance tax for the March quarter compared with Rs 365 crore a year ago. Infosys' tax outgo has doubled to Rs 250 crore from Rs 125 crore. Tata Consultancy Services paid Rs 178 crore, compared from Rs 53 crore earlier. State-run Union Bank of India paid Rs 185 crore compared with Rs 253 crore a year ago. ICICI Bank's Q3 advance tax stood at Rs 350 crore versus Rs 250 crore a year ago. Asian Paints paid Rs 60 crore, versus Rs 43 crore year earlier.
State Bank of India has paid Rs 1857 crore verses Rs 1810. HDFC paid Rs 280 crore, unchanged from a year earlier. Tata Motors paid Rs 115 crore versus Nil a year ago. Bank of Baroda paid Rs 300 crore verses Rs 280. Zee Entertainment Enterprises paid Rs 97 crore versus Rs 109. Tata Steel paid Rs 513 crore versus Rs 406 crore. L&T paid Rs 270 crore versus Rs 275 crore. Bajaj Auto paid Rs 177 crore versus Rs 60 crore. M&M paid Rs 235 crore versus nil a year earlier.
Cement maker ACC paid Rs 330 crore compared to Rs 340 crore a year ago. Ambuja Cement paid Rs 120 crore, compared with Rs 125 crore a year ago. Aditya Birla Group firm Grasim Industries paid Rs 216 crore as advance tax in the period under review, as compared to Rs 65 crore a year ago. Life Insurance Corp of India (LIC) has paid Rs 864 crore as advance tax for the March quarter, compared with Rs 810 crore year ago.
Asian stocks were mixed on Friday, after a firm start with investor expectations of a steady economic recovery. U.S. labor and inflation reports supported a prevailing view that monetary policy will remain growth-friendly and liquidity abundant. The key benchmark indices in China, Japan, Indonesia, and Taiwan fell by between 0.15% to 0.36%. But, the key benchmark indices in Hong Kong, South Korea, Singapore rose by between 0.23% to 0.67%.
The Greek finance ministry denied a media report on Thursday that said the heavily indebted country was planning on going to the International Monetary Fund for aid in early April.
In the US markets on Thursday, 18 March 2010, action was choppy and lackluster but the Dow still mustered enough support in late trade to make a fresh 52-week high. Markets opened higher after jobless claims came in line with estimates and the CPI for February came in flat. But lost steam midday as the dollar gained.In other corporate news, FedEx, Nike and Guess all announced better-than-expected earnings.
The Dow Jones Industrial Average closed 45.50 points or 0.42% higher at 10,779.17. The Nasdaq Composite ended at 2,391.28, up 2.19 points or 0.09%. But, the S&P 500 was at 1,165.83, down 0.38 points or 0.03%.
Close home, the key benchmark indices scaled two-month closing highs on Thursday, 18 March 2010 after global rating agency Standard & Poor's revised India's rating outlook to stable from negative. S&P affirmed long-term and short-term sovereign credit ratings on India. The BSE 30-share Sensex was up 29.18 points or 0.17% to 17,519.26, its highest closing since 18 January 2010 on that day.
As per provisional figures on NSE, foreign funds bought shares worth Rs 484.67 crore and domestic funds sold shares worth Rs 53.15 crore on Thursday.
Grey Market Premium - Shree Ganesh Jewellery
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| United Bank of | 66 | 7 to 10 |
| DQ Entertainment (Inter.) | 75 to 80 | 53 to 55 |
| NMDC (FPO) | 300 | 40 to 45 |
| Pradip Overseas | 100 to 110 | 13 to 14 |
| ILFS Transportation | 242 to 258 | 38 to 40 |
| Persistent Sys. | 290 to 310 | 152 to 155 |
| Shree Ganesh Jewellery | 260 to 270 | 14 to 15 |
| Infrasoft Technology | 137 to 145 | 8 to 10 |
| Goenka Diamond & Jewellery | 135 to 145 | 12 to 15 |
Asian markets open flat
Asian stocks flat after U.S. jobs and manufacturing reports boosted confidence in a global economic recovery.
Japanese benchmark index Nikkei 225 rose 64.58 points, or 0.57%, to trade at 10,805.61. Hong Kong`s is trading advanced 28.88 points, or 0.14%, at. 21,359.55. China`s Shanghai Composite increased 3.38 points, or 0.11% to trade at 3,049.47.
Taiwan`s Taiex index declined 7.56 points, or 0.10%, to trade at 7,878.78. South Korea`s Kospi index rose 3.50 points, or 0.21% to trade at 1,678.67. Singapore`s Straits Times index increased 14.59 points, or to 0.50% trade at 2,928.53. (07.30 a.m., IST)
Fedders Lloyd
Investors with a short-term trading perspective can buy the stock of Fedders Lloyd Corporation. The stock is moving in a very narrow band between Rs 75 and Rs 85 since March 3. Since this sideways move follows the small upward burst after the Union Budget from the trough of Rs 71, the stock can attempt to move higher in the near-term. It managed to close above the short-term resistance around Rs 80 as well as its 50-day moving average on Thursday. The 14-day relative strength index has moved to near 60, that is the bullish zone, and the 10-day rate of change oscillator is also reversing higher from the zero line implying that the near-term uptrend could sustain in the stock.
The stock is also in a strong medium-term uptrend since the March 2009 low. Though there was a pause in this uptrend since January 12, the fact that the stock retraced only 30 per cent of its prior uptrend denotes that the medium-term trend continues to be up. The stock can be bought with for the short-term with the target of Rs 85 and Rs 90 with the stop at Rs 76.5.
via BL
Daily News Roundup - March 19 2010
The Government has received applications from eight telecom companies, including Bharti Airtel, Reliance Communication, Tata Communication, Tata Teleservices, Vodafone Essar, Etisalat DB, Tikona and Qualcomm, to bid for 3G and broadband wireless access (BWA) spectrum to be auctioned starting April 8. (BL)
Promoters of Ratnagiri Gas and Power (RGPL), that include state-owned utility NTPC and gas distributor GAIL, said they are likely to blacklist contractor Gammon India for delaying a vital dredging work that has caused cost overruns to a gas project. (ET)
LIC which has been reportedly planning to make a foray into the banking sector, has hiked its stake in Indian Overseas Bank to close to 12%. (FE)
Bajaj Auto targets sales of 4mn bikes and three-wheelers in 2010-11, a near 40% jump from this fiscal's expected close of 2.9mn units. (BL)
Commissioning of Adani Power’s 3,300MW power plant at Tiroda in Maharashtra runs the risk of getting delayed for want of fuel due to an environment hurdle in mining coal. (ET)
Korean steel major Posco and SAIL have initiated talks to set up a steel plant under the joint venture route near state-owned company’s existing steel making facility at Bokaro in Jharkhand. (ET)
SAIL and Shipping Corporation of India will shortly sign 50:50 joint venture; a proposal that was hanging since June 2008. (BL)
Unitech plans to demerge its non-core businesses, like telecom, from the company to unlock value for shareholders. (BS)
ITC plans to open 25 new hotels under the Fortune brand during the next 12-18 months. (BS)
The income tax department conducted a search at offices of Punj Lloyd till late on Wednesday. (BS)
Punj Lloyd secured a letter of award for EPC of NGI (Mixed Case) Project in UAE from Abu Dhabi Gas Industries Ltd for a value of US$40mn. (BL)
Welspun-Gujarat Stahl Rohren said it will acquire controlling stake in construction firm MSK Projects India for Rs4bn. (ET)
Glenmark Generics, a subsidiary of Glenmark Pharmaceuticals, has received a US Food and Drug Administration (FDA) approval for a hypertension drug. (ET)
Cephalon, a US-based drug maker, has filed a lawsuit against Lupin and its US subsidiary Lupin Pharmaceuticals for challenging the patents on its sleep disorder drug Nuvigil. (BS)
Strides Arcolab bought stakes owned by South African generics drug major Aspen Pharmacare in two 50:50 cancer drug making joint ventures – Onco Therapies in India and Onco Laboratories in Cyprus - for US$117mn (Rs5.3bn). (BS)
Elder Pharmaceuticals said it had increased its stake in Bulgarian subsidiary Elder Biomeda AD to 61% from the present 51%, as part of its strategy to strengthen its presence in the European market. (BS)
BEML has secured an order worth Rs6.3bn from the Defence Ministry for supply of 788 BEML Tatra vehicles to the Indian Army within 18 months. (BL)
Dalmia Cement said it plans to spin off its cement, refractory, thermal power and certain businesses other than sugar into DCB Renewable Energy and Industries Ltd and list the new entity. (BS)
INOX has denied the claims made in a complaint to the stock market regulator by Reliance MediaWorks that Fame India promoters sold their stake in that company to INOX at an unduly low price, far lower than what RMW was willing to pay. (BS)
As part of its Rs18bn ongoing expansion programme, Apollo Hospitals is planning to open 11 more hospitals in the next fiscal which includes an additional 2,000 more beds the existing 8,800 beds. (FE)
Apollo Hospitals Group is on the look-out for hospital project commissioning orders overseas and also plans to foray into Ayurveda research. (BL)
Apollo Hospitals, Fortis Healthcare and Max Healthcare - are poised for an aggressive foray into medical education, which was opened to them recently. (FE)
Debt-ridden Vishal Retail denied fudging accounts and blamed it on printing errors by auditors, and said the firm would soon complete its corporate debt restructuring exercise. (BS)
McNally Bharat received Rs1.7bn order from Mahanadi Coalfields Ltd, Sambalpur, Orissa. (BL)
United Bank of India is negotiating with a clutch of asset reconstruction companies to sell a part of its bad loans with a view to clean up its loan book. (ET)
To overcome delays, on account of land acquisition problems, in the launch of its Rs500bn steel project in Jharkhand, global steel giant ArcelorMittal is set to relocate its plant proposed in Khunti-Gumla to Bokaro. (BS)
Factoring in the government’s push to improve its finances and higher growth, Standard & Poor's revised the outlook on India’s sovereign credit rating to stable from negative. (BS)
India is expected to double the number of branded hotel rooms from 100,000 now in just three years. (BS)
The government is expected to give additional incentives, while retaining the existing stimulus measures for the labour-intensive export sectors in 2010-11. (BS)
Days after Iran and Pakistan signed pacts to implement a long-delayed gas pipeline; India said it had proposed trilateral talks in May to address concerns that have been impeding its joining the project. (BS)
RBI could raise key interest rates ahead of its monetary policy review on April 20 if the price situation continued to deteriorate, a deputy governor of the apex bank said in the capital on Thursday. (ET)
RBI said it may come out with guidelines on new banking licences in about three months. (BS)
Sugar production in Karnataka is likely to increase 26.4% to 2.1mt in the present sugar season compared with 1.7mt last year. (BS)
The Food and Agriculture Minister said it has no plans as of now to re-impose customs duty on white sugar or permit wheat exports. (BS)
India, Brazil and the EU have come together to press for convergence of all national standards with the relevant international standard to check arbitrariness in rules that often leads to rejection of shipments by importing countries. (ET)
EGOM on national highways has decided to convert 10,000 km of roads into national highways. (FE)
India’s food inflation for week ending March 6 dropped to a four-month low of 16.3%. (FE)
Four education reforms Bills of HRD ministry, including one seeking to ban unfair practices in technical and medical educational institutions and universities, are expected to come up before the Union Cabinet on Friday. (FE)
Joy of being stable!
Being born in a stable does not make one a horse- Arthur Wellesley.
The main indices managed to gallop towards the end following S&P’s upgrade of India’s ratings outlook. The key indices might just be able to stretch the winning streak a little bit more today. But remember, all stocks need to participate on the ‘stable’ outlook.
We expect a positive but sedate start and a choppy session. Volume may remain low, as has been the case lately. Select stocks will remain in the spotlight owing to the newsflow. Reports mention chances of a dollar carry trade benefiting the Indian market, similar to the yen carry trade a couple of years ago.
Cues from global markets are neither spectacular nor weak. Concerns over Greece prevail amid lack of cohesion in the EU. The nation now may resort to aid from the IMF. Worries over stringent new norms for Wall Street banks have ebbed even as the war of words persists between the US and China over yuan revaluation.
Wall Street had an indecisive session. The Dow rose for eighth straight day while the S&P ended in red. European stocks were weighed down by uncertainty over Greece. Asian markets are mixed.
Barring a few days, market breadth has been generally negative even on days when the main indices have advanced. This is a cause for concern as in a low-volume, shallow market there is always a chance that the market’s gain may not accurately reflect the reality. So, don’t get carried away if the Nifty breaches 5300 or the Sensex surpasses 18000.
Apply your mind and do your homework before taking a plunge into any stock, as valuations are not cheap. Though the key indices are nearing their previous 52-week highs, bulls don't appear to be entirely convinced. This leaves the market vulnerable to fresh selling.
FIIs were net buyers in the cash segment on Thursday at Rs4.85bn on a provisional basis. Local funds were net sellers of Rs531.5mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs11.06bn. On Wednesday, FIIs were net buyers of Rs11.71bn in the cash segment, as per the SEBI web site. Mutual Funds were net buyers of Rs328mn on the same day.
Indian markets ended with modest gains on Thursday with the key indices getting a late boost from news that Standard & Poor’s has raised India’s outlook to stable from negative.
If you take out the last 15 minutes of trade, there was hardly anything to rejoice for the bulls. The key indices were stuck in a range for most part of the day after three successive days of gains. Global cues were rather sluggish amid renewed worries over Greece.
It was a relatively a dull day as bulls seemed to take a breather after a three day broad-based rally. After opening with a positive bias, markets turned lackluster and were unable to build on to the opening gains.
The BSE Sensex marginally added 29 points to end at 17,519 after touching a high of 17,548 and a low of 17,417. The NSE Nifty added 14 points to end at 5,246.
In Asia, the Nikkei in Japan was down 1%, while Australia's S&P/ASX gained by 0.2%. Shanghai SE Composite advanced by 1.9% and Hang Seng index in Hong Kong was down 0.3%.
In Europe, stocks were trading with a negative bias. The DAX in Germany was down 0.2%, the CAC 40 index in France was down 0.3% and the FTSE in the UK was down 0.2%.
Coming back to India, among the BSE sectoral indices, the Bank index was the top gainer, adding 0.6%, followed by the Teck index that was up 0.6% and the BSE Metal index was up 0.5%. The BSE Mid-Cap and BSE Small-Cap index added 0.4% and 0.2% respectively.
Outside the frontline indices, the big gainers in the broader market were Indian Hotels, TTML, Idea, Welspun Guj and IRB Infra. On the other hand, losers included Hindustan Copper, RCF, Moser Baer and Tulip Tele.
Shares of Tata Teleservices advanced 4.5% to Rs24.65 after the company announced that the board of directors approved sale of 100% equity shares held by the company in 21st Century Infra Tele Ltd to Wireless - TT Info Services Ltd.
The towers have been valued at Rs52 Lacs per tower with an Enterprise Value of Rs13.18bn. This transaction will result in a net cash inflow to the Company (subject to adjustment at the time of payment) in excess of Rs9bn.
Shares of Bajaj Electricals advanced by 3% to end at Rs212.5 after ~3.67mn equity shares, or 3.8% of its equity, changed hands in 6 block deals on the BSE. The scrip opened at Rs207 it touched an intra-day high of Rs219 and a low of Rs207 and recorded volumes of over 7.7mn shares on BSE.
United Bank of India, the public sector lender started trading with healthy gains on the bourse. The stock got listed at Rs75 per share as against its issue price of Rs66. Finally, the stock ended at Rs68.80 translating in to a premijm of 7.5%. The state-run bank fixed the issue price of its IPO at Rs66 per share - the upper end of its price band - raising Rs3.25bn through the issue. The IPO was subscribed over 33 times.
Fedders Lloyd's announced that its Power Division has bagged orders worth Rs2.57bn from M.P. Madhya Kshetra Vidyut Vitaran Co. Ltd., Bhopal. Shares of Fedders Lloyd shot up by over 5% to end at Rs80. The scrip opened at Rs77 it touched an intra-day high of Rs87 and a low of Rs77 and recorded volumes of over 0.11mn shares on BSE.
Shares of Punj Lloyd slipped by 0.5% to end at Rs172 after media reports stated that the IT department raided the offices of Punj Lloyd. Later, the company’s spokeswoman said that the Income Tax officials visited Punj Llyod Ltd.’s “sites” for a “routine inquiry,” today and we are fully co-operating,” with the tax department, she added.
HDIL clarified that it has not raised any money selling shares to institutions, MD Sarang Wadhawan was quoted as saying on a news channel. This news is totally baseless, he added. Media reports had stated that the company shelved its follow-on QIP after receiving tepid response from investors.
Shares of HDIL ended flat at Rs303. The scrip opened at Rs302 it touched an intra-day high of Rs306 and a low of Rs299 and has recorded volumes of over 1.6mn shares on BSE.
Bullion metals end mixed
Gold manages to add gains despite strong dollar
Precious metal prices ended mixed on Thursday, 18 March 2010. Gold prices rose marginally as the dollar went up following renewed concerns over Greece's fiscal problems. Silver prices slipped.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa.
On Thursday, gold for April delivery ended at $1,127.5 an ounce, higher by $3.3 (0.3%) an ounce on the New York Mercantile Exchange. During intra day trading, gold rose to a high of $1,129.5. Last week, gold fell 2.4%. In FY 2010, gold touched a high of $1,154 in January.
On Thursday, May Comex silver futures ended lower by 9.7 cents (0.55%) at $17.42 an ounce. Last week, silver ended lower by almost 1.9%.
Doubts about the euro zone's aid plan for the debt-strapped Greek government resurfaced amid talk that Greece might resort to help from the International Monetary Fund.
In the currency market on Thursday, the dollar index, which measures the strength of the dollar against basket of six other currencies rose by 0.6%.
The latest FOMC policy statement that came out earlier during the week was little changed from previous directives. The Fed has left its target federal funds rate unchanged at a range of 0.00% to 0.25% and the Fed said that it continues to expect an exceptionally low level for an extended period.
On Capitol Hill, Federal Reserve Chairman Ben Bernanke testified on Wednesday about efforts to reform banking regulation, telling Congress the Fed's participation in the oversight of banks improves its ability to carry out its monetary goals.
Gold had ended FY 2009 higher by 24%. Silver futures had ended 2009 up 50%. The dollar index had lost 4.2% against its counterparts last year.
Last year, after hitting a low at $807.30 per ounce on 15 January 2009, gold futures rallied almost 51% to hit an all-time high at $1217.40 per ounce during early December of 2009 but fell from those levels at the end. Silver futures had hit a low at $10.42 on 15 January 2009 and hit a high at $19.30 per ounce on 2 December 2009. Like gold, silver also ended lower than its all time high level.
At the MCX, gold prices for April delivery closed higher by Rs 81 (0.48%) at Rs 16,768 per ten grams. Prices rose to a high of Rs 16,780 per 10 grams and fell to a low of Rs 16,638 per 10 grams during the day's trading.
At the MCX, silver prices for May delivery closed Rs 63 (0.23%) lower at Rs 27,106/Kg. Prices opened at Rs 27,158/kg and fell to a low of Rs 26,957/Kg during the day's trading.
Crude falters
Prices end lower as dollar firms up
Crude oil prices ended lower on Thursday, 18 March 2010. Prices fell as the dollar went up following renewed concerns over Greece's fiscal problems. Prices could not recover despite better than expected economic data.
On Thursday, crude-oil futures for light sweet crude for April delivery closed at $82.2/barrel (lower by $0.73 or 0.9%). Prices lost 0.4% last week.
Crude prices rose 9.3% in February as supply-and-demand issues began to take hold in a market for months dominated by moves in the dollar. Prices have ranged between $69 and $84 a barrel since October. Crude has risen 71% in last one year.
Doubts about the euro zone's aid plan for the debt-strapped Greek government resurfaced amid talk that Greece might resort to help from the International Monetary Fund.
In the currency market on Thursday, the dollar index, which measures the strength of the dollar against basket of six other currencies rose by 0.6%.
Among economic data for the day, the Labor Dept reported that in the week ended 13 March, initial claims dropped to a seasonally-adjusted 457,000 from 462,000 in the prior week.
Other than that, the Conference Board's index of leading economic indicators climbed 0.1% in February for an 11th consecutive monthly rise, with the private research group predicting conditions will improve modestly in the near term. Also, manufacturing activity in the Philadelphia region improved for a seventh consecutive month, according to the Federal Reserve Bank of Philadelphia.
In the latest weekly inventory report, the EIA reported yesterday that U.S. crude inventories rose by 1 million barrels in the week ended 12 March. Market had been looking for an increase of 1.9 million barrels.
The EIA also said the week's gasoline supplies fell by 1.7 million barrels and distillate stocks dropped by 1.5 million barrels. Market had expected declines of 1.5 million barrels for gasoline and 1.6 million barrels for distillates.
Yesterday, Organization of Petroleum Exporting Countries decided to keep its production quota unchanged.
IEA was the latest one to raise demand forecast for crude last week. The IEA revised up by 70,000 barrels a day its oil demand forecast for 2010, pointing to growth in Asia. As per the report, global oil demand is expected to rise by 1.6 million barrels a day, or 1.8% year-on-year, to 86.6 million barrels a day in 2010. In contrast, demand is estimated to have contracted by 1.2 million barrels a day, or 1.4% year-on-year, to 85.0 million barrels a day in 2009.
The report detailed that after five consecutive quarters of decline, global oil demand began growing again on a yearly basis in the fourth quarter of 2009. However, this year's demand growth will be fueled entirely by emerging countries, particularly those in Asia.
Among other energy products on Thursday, gasoline for April delivery fell 0.9 cents to $2.30 a gallon, while heating oil for the same month fell 1.9 cents to $2.12 a gallon.
Also on Thursday, natural gas for April delivery fell 21.3 cents, or 5%, to $4.09 per million British thermal units. It earlier traded as high as $4.33 per million Btus. Natural-gas futures fell 5% after the EIA said U.S. supplies of natural gas in storage fell by 11 billion cubic feet, much less than expected.
Crude ended FY 2009 higher by 78%, the highest yearly gain since 1999. It reached a high of $82 earlier in October 2009 and hit a low of $33.98 on 12 February 2009. Oil prices had reached a high of $147 on 11 July, 2008 but have dropped almost 45% since then. Crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
At the MCX, crude oil for April delivery closed Rs 5 (0.13%) higher at Rs 3,765/barrel. Natural gas for March delivery closed at Rs 186.7/mmbtu, lower by Rs 8.9 (4.5%).
Subscribe to:
Posts (Atom)