Asian stocks edge up as Greece tensions ease

Crude flies above $81, risky assets have a fantastic Friday

The movement in the Asian stocks turned out to be fairly resilient in the face of abating worries about the sovereign debt problems in Europe and as the Euro's rebound sent risky assets higher. The US markets were mostly flat yesterday but the DOW futures raced up in the screen trade today, indicating that the stocks could be flying ahead of the weekends.

Yesterday, the euro gained after European Central Bank President Jean-Claude Trichet said he welcomed a European Union agreement on an aid plan for Greece. Media reports stated that European leaders and the International Monetary Fund have agreed to support debt burdened-Greece. This framed up the things nice and easy for risky assets and an early rebound in crude oil from $80 per barrel levels augured well for the Asian markets, helping the regional benchmarks post strong gains.

Japan's Nikkei ended 1.6% higher at 10,996.37, its highest close since the early days of October 2008, after briefly topping the psychologically important 11,000-point level. A weaker yen, which benefits Japanese exporters by making their products more competitive overseas, supported the sentiments. The greenback extended its strength slightly in Asian afternoon trade on Friday, but failed to break pass 93 levels as exporters actively sold the dollar to repatriate profits

The Australian stocks also closed slightly higher as funds returned to the major resource and finance sectors stocks in tune with the strong undertone in the Asian equities. The benchmark S&P/ASX200 index added 11.5 points, or 0.24%, to 4,896.9 points, while the broader All Ordinaries index gained 8.9 points, or 0.18%, to 4,905.2 points.

Chinese banking stocks jumped despite Industrial & Commercial Bank of China's plans to raise funds, as some analysts saw the move ending speculation over capital-raising after last year's lending spree. This, alongwith the drop in the markets earlier in the week meant that plenty of buying support was in for the Chinese stocks ahead of the weekends and the Shanghai Composite gained 1.3% on the day.

In other markets, Hong Kong's Hang Seng Index advanced 1.3% reversing Thursday's declines, while South Korea's Kospi added 0.6%, Australia's S&P/ASX 200 inched up 0.2% and Taiwan's Taiex surged 0.5%. Elsewhere in the region, New Zealand's NZX 50 rose 0.1% and Philippine stocks ended 0.3% higher.

In Mumbai, the key indices pared gains in late trade after surging to their highest level in more than two months in mid-afternoon trade. Index heavyweight Reliance Industries (RIL) trimmed gains in late trade and the BSE 30-share Sensex was provisionally up 58.62 points or 0.33%, off close to 65 points from the day's high. Metal, consumer durables, auto and banking stocks rose. But, IT stocks fell.

Dow Jones Industrial Average futures were last seen quoting up 25 points in screen trade. Crude oil has firmed up above $81 per barrel, currently quoting at $81.12, up 59 cents from the previous close while Gold is also extending the yesterday's intraday bounce from six week lows. COMEX April Gold futures are currently trading at $1098.20, up $4.10 per ounce from the previous close

Eurozone throws its weight behind Greece...finally

In a bid to restore confidence in their common currency, all 16 eurozone leaders have reportedly agreed to provide joint financial assistance to the debt-laden Greece in tandem with the International Monetary Fund (IMF). The euro rose on Friday from a 10-month low against the dollar after European Central Bank (ECB) president Jean-Claude Trichet toned down his opposition to the IMF's involvement in a Greek rescue plan. "Europe has taken a big step in the face of a big challenge," Greek Prime Minister George Papandreou told reporters after talks in Brussels, declaring himself satisfied. European Council President Herman Van Rompuy called the deal significant not just for Greece, but for the stability of the eurozone.

Backers of the plan included French President Nicolas Sarkozy, according to reports. Sarkozy previously had opposed a role for the Washington-based IMF. The deal was brokered during a summit in Brussels. The French President said that the eurozone would put up two-thirds of the money, and the IMF the rest. Terms imposed by German Chancellor Angela Merkel mean that the concerted EU-IMF mechanism could be activated only under strict conditions and would require the unanimous approval of the eurozone. Greek Finance Minister George Papaconstantinou said that the deal removed the risk of default by his country. He also said that no aid was being given to Greece as of now.

EU leaders were under pressure to come up with a detailed plan to aid Greece, amid mounting worries that the debt troubles in countries like Greece, Portugal and Spain could spread elsewhere in the euro zone. Eroding confidence in the euro was also among the factors that influenced the outcome of the Brussels summit. The euro fell to a 10-month low against the dollar in afternoon trading on March 25 after the Trichet reportedly said that getting help from the IMF to solve the region's debt problems would be very, very bad. Separately, Zhu Min, the deputy governor of the People's Bank of China, said that the Greek debt crisis was only the tip of the iceberg and complained that Europe had offered no decisive action on the matter.

Earlier, the ECB took some pressure off Greece by extending emergency lending rules, saying that its bonds won’t be cut off from ECB refinancing operations next year in case Moody’s lowers its rating to a level comparable with other companies. That decision marked a reversal for the ECB, which said in January that it wouldn’t soften its collateral policy for the sake of a single country. The bank was scheduled to reintroduce pre-crisis rules at the end of 2010.

Piramal Healthcare acquires "i-pill" from Cipla

Piramal Healthcare Ltd. announced signing of a definitive agreement for the purchase of all Intellectual Property Rights (IPRs) in India related to "i-pill" brand of Cipla for an aggregate consideration of Rs950mn. "i-pill" features in the top-300 pharmaceutical products and had sales of Rs309.2mn as per ORG IMS for the last 12 months. The acquisition of "i-pill" strengthens Piramal’s over the counter (OTC) portfolio which has strong consumer brands such as Lacto Calamine skin care range, Supractiv Complete, Saridon and Polycrol antacid. "i-pill" is an emergency contraceptive pill (ECP) used to prevent unplanned pregnancy and is available over the counter at local chemists. It is not an abortion pill.

Maruti to spend Rs17bn on Manesar expansion

Maruti Suzuki India Ltd. said that it will invest about Rs17bn for the proposed capacity expansion at its Manesar plant by 2.5 lakh units annually. This initiative will help the company scale up the Manesar plant's capacity from 300,000 units per annum to 550,000 units per annum over the next two years. Maruti Suzuki's present production facilities are located at Gurgaon with a capacity of 7 lakh (0.7 million) units and Manesar with capacity of 3 lakh (0.3 million) units. Maruti Suzuki also said that it will invest around Rs12.5bn to double its K-series engine manufacturing capacity in the next 2-3 years. The country's largest car maker currently makes 250,000 K-series engines at its Gurgaon plant annually. "We will invest 50 billion yen (around Rs25bn) in our R&D center and engine capacity expansion. It is likely to be equally divided into both," a company spokesperson said. Maruti Suzuki currently makes a total of one million engines (petrol, diesel and K-series petrol) at its Gurgaon facility. Maruti Suzuki said that it has become the first automobile company in India to produce one million (10 lakh) cars in a single financial year. The one millionth car manufactured by Maruti Suzuki in the fiscal year 2009-10, a glistening red Maruti Suzuki Swift, was rolled out on March 23 from the company's Manesar plant. In FY10, Maruti Suzuki has sold 923,242 units (791,260 in domestic market and 131,982 exports)

ICICI Bank gets QFB privileges in Singapore

The Monetary Authority of Singapore allowed ICICI Bank to offer retail banking services. The authority has granted ICICI Bank a qualified full banking (QFB) status. ICICI Bank now has the permission to open 25 outlets (branches or ATMs) in Singapore. “We are delighted to receive this approval since it will further strengthen our footprint in the corporate, commercial, wealth management and Direct banking services in Singapore," said Chanda Kochhar, Managing Director and CEO, ICICI Bank. " We expect to see significant increase in our client base in the region having strong India connections”. ICICI Bank is the second Indian entity to get this authorisation in Singapore. The country’s largest lender, State Bank of India (SBI), was given a similar license two years ago. The license is a part of a bilateral agreement between India and Singapore to open up their financial sector. On its part, the RBI had allowed DBS, Singapore’s largest bank, to open another eight branches in the country. Another Singapore bank, UOB was also given the nod for a branch operation here. SBI has used the authorisation to open seven branches and 17 ATMs in the city state and has started retail banking operations.

Videocon joins mobile bandwagon with launch in TN

Videocon Telecommunications Ltd. launched mobile telephone services under the GSM platform. The service, which was launched in Tamil Nadu with sub-one paise effective tariff, will be rolled out in other states, covering 100 cities over the next 100 days. Addressing a press conference, Chairman of Videocon group, Venugopal Dhoot, said that Videocon would invest Rs140bn in its mobile telecom business in the next three years, and expects to secure 100 million subscribers over the period. Dhoot said that a consortium of banks led by State Bank of India (SBI) has committed to lending Rs70bn to Videocon, for the telecom business. The rest of the funds will come from internal accruals. In Tamil Nadu, where Videocon joined nine other operators, the company intends to invest Rs15bn, generating employment to some 20,000 people.

IOC, OIL confirm making cash offer for Gulfsands

Indian Oil Corp Ltd. (IOC) and Oil India Ltd. (OIL) confirmed that they had approached Gulfsands Petroleum Plc for a possible all cash offer worth 381 million (US$570mn) to acquire the UK-based company. Gulfsands is an oil producer with interests in Syria, Iraq and the Gulf of Mexico. "In response to recent speculation concerning a possible offer for Gulfsands, Indian Oil and Oil India confirm that they have jointly made an approach regarding a possible all cash offer for Gulfsands," the two companies told the LSE. In a separate notification to the LSE, Gulfsands said that the company had received a preliminary approach on March 18 for a possible offer at 315 pence per share for its entire issued and to-be-issued share capital. The board of Gulfsands has, however, rejected the preliminary offer. "As stated on Mar 19, the board is unanimously of the view that the proposal is wholly inadequate, highly conditional and materially undervalues the company," Gulfsands said. The two state-owned oil companies said they were still eyeing a possible takeover of Gulfsands after their US$570mn takeover bid was rejected as inadequate. Earlier, news reports quoted the two companies as saying that are not planning to raise their bid for Gulfsands.

Petrol, diesel prices may rise marginally

Prices of petrol and diesel are likely to increase by 41 paise per litre and 26 paise a litre respectively in Delhi and Mumbai and 12 other metro cities from April 1 the country prepares to switch over to the Euro IV standard fuel, Petroleum Secretary S. Sundareshan said. "This hike is not on the basis of Rs400bn capital expenditure oil companies incurred in upgrading their facilities to produce cleaner fuel but a requirement to bring domestic rates to international parity,” . Sundareshan said. The actual price hike needed to cover the cost would have been 3-4 times the proposed increase. Public sector oil marketing firms will sell ultra-low sulphur petrol and diesel in 13 major cities from April 1, while Euro-III grade fuel is to be supplied only in the rest of the country.

Food inflation falls for 3rd successive week

Food inflation in India dipped marginally in the middle of March, falling to a five-month low, the government said. This was the third consecutive drop in food inflation in as many weeks. Inflation also fell in the Primary Articles group and Fuel group, it said. Inflation for the Food Articles group dropped to 16.22% in the week ended March 16, as compared to 16.3% in the previous week, the Commerce & Industry Ministry said. Inflation in the Non-Food Articles category too slipped to 13.06% from 13.99% in the week ended March 6. Primary Articles inflation stood at 13.88% in the week under review versus 14.16% in the preceding week. Inflation in this crucial group was at 4.91% in the corresponding week a year earlier, the government data showed. The WPI for this group rose by 0.1% to 282.3 from 282.1 in the previous week. Annual point-to-point inflation in the Fuel & Power group remained unchanged at 12.68% in the week ended March 13. It was at (-)6.06% in the week ended March 14, 2009. The WPI for this major group remained unchanged at its previous week's level of 361.7.

IFRS to benefit India Inc:Mohandas Pai

As the India Inc is set to converge from the Indian Accounting Standards to International Financial Reporting Standards (IFRS) from 1st April 2011, the industry captains voiced that the convergence would favour Indian corporates eyeing the global markets, at the IFRS summit organized by Confederation of Indian Industry (CII) - ‘IFRS Convergence Gaining Strength’.

T V Mohandas Pai, Director and Head, Finacle, Admin, Human Resources, Infosys Leadership Institute and Education and Research, Infosys Technologies Ltd said at the CII IFRS summit, "There are concerns among industry players but in fact it would benefit the Indian industries. IFRS is world’s best accounting standard and converging into the same would make raising funds outside India and attracting foreign investment easier. IFRS shall help in maintaining transparency levels to attract overseas players."

S Mahalingam, Chairman – CII IFRS Summit and Executive Director & Chief Financial Officer, Tata Consultancy Services Limited also said that there should be no fears among industry players as the key elements of Indian Accounting Standards and IFRS are not going to vary much.

Y H Malegam, Chairman of the National Advisory Committee on Accounting Standards (NACAS) said, "Under IRFS, there will be changes in treating certain aspects of assets and liabilities like treatment of redeemable preference shares and depreciation provisions. But,mainly the terminologies will change and other provisions would not affect the tax treatments and cash profit calculations." He further added that IRFS guidelines for the banking, insurance and NBFCs would be released soon. He also said, "IRFS will consist of two parts,initially for the organizations with more than Rs 500 crore networth and rest having less than Rs 500 crore networth with having a difference of reporting disclosures by both."

Manfred Hannich, Global Head of Accounting Advisory Services, KPMG informed that the US is also considering IRFS convergence. "India is one of the earliest countries to go for IRFS and the US may follow soon as discussion on consolidated taxation treatment on financial reports is underway," Hannich said

Zain board clears asset sale to Bharti Airtel

It is third time lucky for Bharti Airtel. After two aborted attempts to enter the lucrative African market involving South Africa's MTN group, India's cellular telecom major finally seems to have hit the target. The board of directors of Kuwaiti telecom operator Zain approved the sale of most of its African assets to Bharti Airtel, according to various media reports. The exclusivity period for talks between the two parties was scheduled to end on March 25. The due diligence on the deal is completed and the sale documents will be signed with in several days, the reports said.

Bharti Airtel said on March 21 that it had tied up the entire financing requirement of US$8.3bn with major international banks and India's SBI. Bharti Airtel has said it would pay a total US$9bn in cash to Zain, including US$700mn to be paid one year after the deal closing. Bharti Airtel is likely to seal the deal in a day or two. The deal, among the largest cross-border M&A transactions by India Inc., will give Bharti Airtel access to 15 African markets, sans Sudan and Morocco. The combined telecom entity will have more than 165 million subscribers with total revenue of US$13bn.

Bharti Airtel shares fell on concerns that a debt-funded deal to buy the African assets of Zain may stretch the Indian mobile operator's financials. At 10 times enterprise value to EBITDA (earnings before interest, tax, depreciation and amortisation), Bharti Airtel is paying a rich price for a group of loss-making assets on a continent full of operational challenges, analysts said. The financing is estimated to lift Bharti Airtel's debt to EBITDA ratio to more than 2 times, from 0.4 times before the deal. Bharti Airtel is borrowing heavily to pay for the acquisition just as it gears up for the upcoming third-generation (3G) operations, which will cost billions in licence fees and equipment.

India needs US$1 trn for infra spending: PM

India will need to spend US$1 trillion in infrastructure in the 12th Five-Year Plan, Prime Minister Dr. Manmohan Singh said. He also said that the Indian economy will grow by 8.5% in FY11 and 9% in FY12. He reiterated the Government's long-term goal of attaining 10% GDP growth. "The Government's 10% GDP growth target is ambitious but not impossible," the Prime Minister said. Recent economic performance has been commendable on several counts, Dr. Singh said, adding that progress in the power sector growth is less than satisfactory.

Separately, Finance Minister Pranab Mukherjee said that the Centre is aiming to spend US$514bn in the infrastructure sector by 2012. Core sector growth is key for attaining 9-10% GDP growth, he added. The deficit in the country's power output remains worrisome, Mukherjee said. The Indian economy grew by 6.7% in 2008-09 and has accelerated to 7.2% in 2009-10. The Government would allow private sector companies to issue infrastructure bonds to raise funds for core sector projects, the Finance Minister said. The deficit in the country's power output remains worrisome, Mukherjee said.

A meeting of the full Planning Commission conducted a mid-term review of the 11th Five Year Plan (2007-12), and lowered India's targeted growth of 9% per annum because of the two trying past years. "The average rate of growth in the plan period could be a little over 8%," said the appraisal document that was placed before the high-level meeting, chaired by the Prime Minister, while assuring a return to high growth in the medium term. He said the past two years were particularly difficult for the Indian economy due to the global slowdown, and this was exacerbated by a poor monsoon and the consequent drop in food production.

Weekly Stock Picks - March 26 2010

Buy Raymond

Buy Sintex Industries

Buy Hero Honda

Buy Indiabulls Real Estate

Buy SBI

Weekly Newsletter - March 26 2010

The main indices seem all dressed up to bid farewell to a fiscal, which has brought a fair amount of cheer all around. The coming week could see some spurts largely depending on the global cues. It's a holiday-shortened week yet again and the financial year-end little tricks could well come into play. Towards the end of the week, the Export-Import data, auto sales numbers, cement dispatches et all will provide some sector and stock-specific activity. With indices at higher levels, investors are rightfully concerned about allotting more towards equities. Continue to scout for some better deals, else play the waiting game for some time to strike some good bargains.

Nifty eyes 5300

Today's major news

Pratibha Industries secures Rs196.6 crore worth of orders; the stock closes 1.08% lower

Credit growth exceeds the central bank's target

Tata Motors to sell 20% in Telcon to Hitachi; the stock jumps 3.36%

Click here for more stories

Post-market summary

Global signals

Drug makers and oil stocks dragged the European markets lower on Friday, as concerns continued on Greece debt crises. At the time of writing this report, FTSE 100 was down by 0.15%.

All the major Asian indices closed higher. Shanghai Composite, Nikkei and Hang Seng closed 1% up each. SGX Nifty closed 11 points higher.

US stock futures opened higher ahead of key data related to final estimate of Q4 gross domestic product (GDP) growth.

Indian indices

On the first day of April F&O contracts, which also happens to be last day of the week, ergo weekend drag, the market traded with in a band of around 125 points to end the session up—third day on trot. Absorbing concerns on Greece’ debt crisis, growing debate between the US and China on pricing of yuan, firm Asian markets combined with continuous buying in auto stocks on hope of a better Q4 earnings of auto companies help the market touch two-month high in today’s trade.

On buoyant leads from Asian markets, the Sensex opened flat, moved up and touched the day’s high of 17,683—124 higher than its yesterday’s closing and wrapped the session 86 points higher at 17645. The Nifty closed 22 points higher at 5282.

Market sentiment

Despite closing positive, the market breadth was negative as declining stocks outdid advancing stocks. Of the 2,935 stocks traded on the BSE, 1,651 stocks declined, whereas 1,197 stocks advanced. Eighty-seven stocks closed unchanged.

Sectoral & stock screening

Auto and banking stocks witnessed some investor interest with the BSE Auto and BSE Bankex up by 1.75% and 1.59% respectively. Information technology stocks have been under pressure and the sector index, BSE IT, was down by 0.67% for the day.

The star stock of the day was Indiabulls Real Estate that was up by 5.55%, followed by Bajaj Auto that surged 5.16% and Everest Kanto Cylinder that rose by 4.71%. On the other hand, Siemens slid the most by 2.31%, followed by Pantaloon Retail that fell by 2.27% and Dr Reddy’s Laboratories that shed 2.26%.

Viewing volumes

On the second straight day, Industrial finance company IFCI was the most actively traded share with over 0.67 crore shares changing hands on the BSE, followed by India’s second largest realty company Unitech (0.34 crore shares), steel major Ispat Industries (0.31 crore shares), wind turbine maker Suzlon Energy (0.29 crore shares) and Gujarat NRE Coke (0.27 crore shares).

7 up for market

Indian stocks had a mixed week with the Sensex ending the shortened week (the market were closed on Wednesday on account of Ram Navmi) marginally higher by 66 points. The week started with the market softening in the very start following the Reserve Bank of India (RBI) hiking the repo and reverse repo (25 basis points each; the repo and reverse rate were hiked to 5% and 3.5% respectively) and growing concerns from the 11-nation Euro zone—first over conflicting signals from the currency bloc on resolving Greece’s debt problems and second over Fitch Ratings lowering Portugal's sovereign credit outlook. Despite, the Indian indices did well to close at 17645, bouncing back from the week’s low of 17337, a change of 307 points or 1.77%. The Sensex made an about turn in the final hour of the expiry day and closed over 100 points higher. It also managed to end the week on a positive note with gains of 86 points on Friday.



The market did not show much activity earlier in the week and traded within a tight band. Though the continuous flushing of funds by the FIIs doubled with the good expiry helped the Indian markets to trade a bit in an active mode and swing by over 345 points or 2% in a week. This is the second consecutive week that markets have shown reasonable movement. At the end of the week, the Sensex and the Nifty managed to hold on the important levels—17600 for Sensex and 5250 for Nifty. Sensex surged marginally by 66 points (+0.38%), while the Nifty rose by 19 points (+0.36%).



The passage of US Heathcare Reform Bill brought a right pill for the Indian healthcare stocks, which jumped by 2.59%, the most among the BSE’ sector indices. The fast moving consumer goods (FMCG) scrips followed suit and closed 1.19% higher. RBI’s surprise rate hike acted as a dampener for interest rate-sensitive realty counter that declined the most for the week—by 4.05%—followed by TECk stocks that fell by 3.26%. The remaining sector indices ended with listless gains or losses. Out of 13 BSE sector indices, six ended in negative and seven in positive.



Among ‘A’ group stocks, Areva T&D surged the most with gains of over 12.52%, while stocks like Gujarat NRE Coke and Sintex Industries followed posted gains of 9.14% and 7.29% respectively. Among losers, NMDC fell the most, by 16.86%, and dipped below its follow-on public offering (FPO) issue price of Rs300; Shree Renuka Sugars and Rastriya Chemicals & Fertilisers (RCFT) declined by 7.9% and 7.34% respectively. FIIs remained the net buyers till Thursday and a second week in a row with the net investment of Rs1,149 crore, whereas mutual funds stood as the net seller to the tune of Rs360 crore.


The Nifty ended the week on a high note with the significant physiological 5300 level nearing; we suggest investors to remain cautious as markets are not trading at cheap valuations (current Sensex P/E of over 21 times) and we might see selling pressure owing to profit booking at higher levels in the coming period. The market awaits two important triggers in April— First, RBI’s quarterly monetary policy review on April 20, 2010. Despite the recent rate hike, the market observers expect one more surprise rate hike before the policy announcement, as RBI has recently signaled the tightening of the policy to control the spiraling inflation. Second, the Q4 earnings of India as well as FY2010 and FY2011 earnings guidance, which are expected to be downgraded on the back of rising interest rates in the coming period. However, as said in the last report, Indian market has become a slave of foreign money and is dancing on the tunes of the FII flows. Thus, the FII flows will be an important factor in deciding market fate in coming times.

BSE Bulk Deals to Watch - March 26 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/3/2010 517356 ACI Infocom P N GUPTA HUF S 300000 25.25
26/3/2010 530901 ACIL Cot Inds KUNAL ZAVERILAL DEDHIA B 96359 26.12
26/3/2010 513149 Acrow India VOLGA INTERNATIONAL LIMITED B 8000 149.25
26/3/2010 513149 Acrow India SANGITABEN VIPULKUMAR SHAH B 8000 144.05
26/3/2010 513149 Acrow India VOLGA INTERNATIONAL LIMITED S 8000 144.05
26/3/2010 513149 Acrow India SANGITABEN VIPULKUMAR SHAH S 8000 149.25
26/3/2010 532331 Ajanta Pharma VARDHAMAN INVESTMENT B 95000 197.50
26/3/2010 532331 Ajanta Pharma VARDHAMAN INVESTMENT S 95000 197.50
26/3/2010 513117 Amforge Inds PUNEET YOGIRAJ MAKAR B 100172 5.34
26/3/2010 533163 Arss Infra Proj GENUINE STOCK BROKERS PVT. LTD. B 94435 947.92
26/3/2010 533163 Arss Infra Proj SMART EQUITY BROKERS PRIVATE LIMITED B 121916 948.10
26/3/2010 533163 Arss Infra Proj OPG SECURITIES P LTD B 82900 949.11
26/3/2010 533163 Arss Infra Proj GENUINE STOCK BROKERS PVT. LTD. S 94435 948.11
26/3/2010 533163 Arss Infra Proj SMART EQUITY BROKERS PRIVATE LIMITED S 121916 948.25
26/3/2010 533163 Arss Infra Proj OPG SECURITIES P LTD S 82900 949.46
26/3/2010 532668 Aurionpro Sol MORGAN STANLEY MAURITIUS COMPANY LIMITED S 141227 311.05
26/3/2010 500034 Bajaj Auto Fin BAJAJ FINSERV LIMITED B 455600 305.00
26/3/2010 500034 Bajaj Auto Fin JAMNALAL SONS AND CO. S 455600 305.00
26/3/2010 531591 Bampsl Sec PRAKASHCHAND GUPTA B 1004140 1.79
26/3/2010 531591 Bampsl Sec KALPANA AGRAWAL B 1401000 1.71
26/3/2010 531591 Bampsl Sec NEHA KHANDELWAL B 1600000 1.78
26/3/2010 531591 Bampsl Sec KAUSHALYA GARG S 1412387 1.75
26/3/2010 531591 Bampsl Sec PRAKASHCHAND GUPTA S 967341 1.72
26/3/2010 531591 Bampsl Sec KALPANA AGRAWAL S 1000000 1.79
26/3/2010 500045 Bellary Steels JMP SECURITIES PVT LTD B 8780119 4.08
26/3/2010 500045 Bellary Steels JMP SECURITIES PVT LTD S 11265122 4.06
26/3/2010 508664 Best Eastern Hot BHAVINI VIJAYKUMAR SHAH B 10000 92.78
26/3/2010 508664 Best Eastern Hot HARJIRAM LADAJI CHAUDHARI B 10000 96.75
26/3/2010 508664 Best Eastern Hot VOLGA INTERNATIONAL LIMITED B 10000 97.85
26/3/2010 508664 Best Eastern Hot SHARDABEN RASIKLAL SHAH B 10000 90.60
26/3/2010 508664 Best Eastern Hot BHAVINI VIJAYKUMAR SHAH S 10000 96.75
26/3/2010 508664 Best Eastern Hot HARJIRAM LADAJI CHAUDHARI S 10000 92.78
26/3/2010 508664 Best Eastern Hot VOLGA INTERNATIONAL LIMITED S 10000 90.60
26/3/2010 508664 Best Eastern Hot SHARDABEN RASIKLAL SHAH S 10000 97.85
26/3/2010 514272 Bhilwara Spin DHEERAJ KUMAR LOHIA B 50703 17.12
26/3/2010 514272 Bhilwara Spin VIKASH FINANCIAL SERVI PVT LTD S 35000 17.29
26/3/2010 514272 Bhilwara Spin RAVIKUMAR NAREDI S 42890 17.18
26/3/2010 511607 Birla Shloka BHAVISH DHIRAJLAL KHAKHKHAR B 87673 69.61
26/3/2010 511607 Birla Shloka SARSWATI VINCOM LTD B 80000 70.50
26/3/2010 511607 Birla Shloka BHAVISH DHIRAJLAL KHAKHKHAR S 66979 68.82
26/3/2010 511607 Birla Shloka PUSHKAR BANIJYA LIMITED S 80000 70.50
26/3/2010 531420 BMB Music SUDESH JAIN B 35000 17.99
26/3/2010 531420 BMB Music JASVINDER SINGH S 38400 18.00
26/3/2010 500083 Century Extr MAHIPAT IWDARMAL MEHTA B 428830 10.50
26/3/2010 533026 Chemcel Bio POONAM AJMERA B 132400 9.01
26/3/2010 511672 Clarus Finance YORK FINANCIAL SERVICES PVT LT B 94618 18.13
26/3/2010 511672 Clarus Finance SANDEEP HISARIA S 127171 18.14
26/3/2010 526141 Compact Disc HITESH SHASHIKANT JHAVERI B 70123 95.75
26/3/2010 526141 Compact Disc JMP SECURITIES PVT LTD S 172323 82.37
26/3/2010 532180 Dhanalakshmi Bnk PASSAGE TO INDIA MASTER FUND LIMITED B 3007998 140.00
26/3/2010 532180 Dhanalakshmi Bnk MAVI INVESTMENT FUND S 3000000 140.00
26/3/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED B 149535 18.57
26/3/2010 511668 Fact Enterprise DRB SECURITIES PVT LTD B 203550 42.73
26/3/2010 511668 Fact Enterprise DKG SECURITIES PVT LTD B 100000 43.20
26/3/2010 511668 Fact Enterprise ARPIT SHARE BROKERS PRIVATE LIMITED S 300000 42.90
26/3/2010 532139 G Tech Info SUNIL PATIL S 875000 5.24
26/3/2010 532139 G Tech Info HARISH KUMAR MITTAL S 500000 5.23
26/3/2010 532767 Gayatri Proj PAT FINANCIAL CONSULTANT PVT LTD B 125000 354.18
26/3/2010 532767 Gayatri Proj GANDIV INVESTMENT PVT. LTD. S 125000 352.24
26/3/2010 530263 Global Capital NAVNITA TRADEFIN PRIVATE LIMITED S 208650 47.85
26/3/2010 530263 Global Capital TRADELINK EXIM (INDIA) PVT LTD S 162000 48.14
26/3/2010 530263 Global Capital FAIRDEAL INFIN SERVICES PVT LTD S 260000 47.08
26/3/2010 531904 Globus Corp PRAKASH BI.DHEBAR HUF B 1200000 1.09
26/3/2010 531904 Globus Corp SARSWATI VINCOM LIMITED S 1220089 1.09
26/3/2010 530317 Godavari Drugs KAMALA JAJU B 100000 5.75
26/3/2010 530317 Godavari Drugs SURESH CHANDRA LAHOTI S 100000 5.75
26/3/2010 531360 Golechha Glob SANJAY SONI B 25000 12.50
26/3/2010 513059 GS Auto SHARDA ISPAT ROLLERS PRIVATE LIMITED S 111426 46.29
26/3/2010 532770 Hanung Toys AASHKA CONSTRUCTION PRIVATE LIMITED B 225476 214.69
26/3/2010 532770 Hanung Toys AJMERA SHARES TRADING PRIVATE LIMITED S 135000 216.26
26/3/2010 532770 Hanung Toys AASHKA CONSTRUCTION PRIVATE LIMITED S 225476 214.39
26/3/2010 511116 HFCL Infotel T K DUGAR AND CO (PROP: TULSI KUMAR DUG B 3522969 5.98
26/3/2010 511116 HFCL Infotel BENKO TRADERS PVT LTD S 3520000 5.98
26/3/2010 511682 IFL Promoters SUMAN GUPTA B 25700 11.27
26/3/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD B 42400 11.94
26/3/2010 511682 IFL Promoters SHIVCHARAN DASSMITTAL B 40000 11.23
26/3/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD S 42400 11.22
26/3/2010 511682 IFL Promoters SHIVCHARAN DASSMITTAL S 40000 11.97
26/3/2010 511682 IFL Promoters DMC INTERNATIONAL LTD S 22400 11.29
26/3/2010 522059 Indage Vintners MERRILL LYNCH CAPITAL MARKETS ESPANA SA SV S 139784 30.30
26/3/2010 532072 Interworld Dig PRITI JAYESH SHAH B 425000 3.26
26/3/2010 532072 Interworld Dig DJ CHATURVEDI HUF B 500000 3.26
26/3/2010 532072 Interworld Dig PHIROZE FRAMROZE KARAKA S 609781 3.27
26/3/2010 524400 Ishita Drugs DIPAKK SHAH S 28000 14.95
26/3/2010 524731 Jenburkt Pharma NILESH BALKRISHNA KABARE B 45000 52.02
26/3/2010 511092 JMD Telefilms NEELANCHAL MERCANTILE PVT LTD B 390500 76.03
26/3/2010 511092 JMD Telefilms GATEWAY FINANCIAL SERVICES LIMITED B 325000 75.86
26/3/2010 511092 JMD Telefilms DB (INTL) OWN TRADING S 295633 76.05
26/3/2010 531784 Kadamb Constr KISHORE GAVRICHAND SHAH S 125000 49.02
26/3/2010 523810 Kaleidoscope Films PRAKASH BI.DHEBAR HUF S 1014000 5.99
26/3/2010 530255 KAY Power KAUSHALYA GARG B 70000 14.83
26/3/2010 530255 KAY Power BAMPSL SECURITIES LTD B 423205 15.49
26/3/2010 530255 KAY Power SUNIL KUMAR GUPTA B 100000 14.60
26/3/2010 530255 KAY Power B.S.KHANDELWAL B 100000 14.60
26/3/2010 530255 KAY Power BAMPSL SECURITIES LTD S 492225 14.61
26/3/2010 530255 KAY Power ANJU GUPTA S 173100 15.60
26/3/2010 531269 KLG Systel VANAJA SUNDAR IYER S 91857 123.00
26/3/2010 531602 Koffee Break AZURA PROJECTS PRIVATE LIMITED B 400000 1.41
26/3/2010 531602 Koffee Break YOGEN VIRENDRA DAVE S 600002 1.42
26/3/2010 531027 Libord Sec LIBORD EXPORTS PRIVATE LIMITED B 220000 10.18
26/3/2010 531027 Libord Sec VANDANA LALITKUMAR DANGI S 220000 10.18
26/3/2010 509011 Livingroom Life SHAKERA JEHANGIR NAGREE S 45000 35.20
26/3/2010 509011 Livingroom Life JEHANGIR TURABALI NAGREE S 45000 35.20
26/3/2010 532796 Lumax Auto Tech SUMEERA GUPTA B 65706 113.00
26/3/2010 532796 Lumax Auto Tech SAJAL GUPTA S 65706 113.00
26/3/2010 531515 Mahan Inds JIGNESH CHANDRAKANT SHAH B 495019 5.66
26/3/2010 505523 Maharashtra Indl VHM IMPEX PRIVATE LTD B 18636 6.56
26/3/2010 524232 Maharashtra Poly ATITHI PRIVATE LIMITED S 100000 103.02
26/3/2010 590111 MASTER DEVAIANH MONDI B 28402 38.73
26/3/2010 531453 Mohit Inds BALRAMPUR COMMERCIAL ENTERPRISES LIMITED B 71000 20.40
26/3/2010 531453 Mohit Inds GOODDEAL PROPERTIES PRIVATE LIMITED S 71000 20.40
26/3/2010 531096 Mount Everest Min IMRAN A RUPANI S 53109 67.76
26/3/2010 532724 Mounteverest Trd KSR CONSULTANCY SERVICES PVT LTD B 37500 153.83
26/3/2010 532724 Mounteverest Trd SHRI ARYAVRAT TRADING CO LTD S 36416 153.97
26/3/2010 532553 MSK Projects SMART EQUITY BROKERS PRIVATE LIMITED B 177323 152.35
26/3/2010 532553 MSK Projects SMART EQUITY BROKERS PRIVATE LIMITED S 177323 152.43
26/3/2010 532553 MSK Projects DHANANJAYA MONEY MANAGEMENT SERVICES PVT LTD S 120000 150.49
26/3/2010 504112 NELCO GENUINE STOCK BROKERS PVT. LTD. B 154329 142.88
26/3/2010 504112 NELCO SMART EQUITY BROKERS PRIVATE LIMITED B 126768 144.89
26/3/2010 504112 NELCO SANJEEV SINGHAL B 165774 141.12
26/3/2010 504112 NELCO OPG SECURITIES P LTD B 218558 141.87
26/3/2010 504112 NELCO ANITA SINGHAL B 141003 141.97
26/3/2010 504112 NELCO GENUINE STOCK BROKERS PVT. LTD. S 154329 142.81
26/3/2010 504112 NELCO SMART EQUITY BROKERS PRIVATE LIMITED S 126768 144.99
26/3/2010 504112 NELCO SANJEEV SINGHAL S 165774 141.48
26/3/2010 504112 NELCO OPG SECURITIES P LTD S 218558 142.24
26/3/2010 504112 NELCO ANITA SINGHAL S 141003 142.16
26/3/2010 532986 Niraj Cement RAJIV GANDHI B 95402 52.37
26/3/2010 512425 Nirav Comm BRINDA PINKESHKUMAR JHAVERI B 4000 422.84
26/3/2010 512425 Nirav Comm AASHNA BROKING SERVICES PVT. LTD. B 4000 446.08
26/3/2010 512425 Nirav Comm BRINDA PINKESHKUMAR JHAVERI S 4000 446.08
26/3/2010 512425 Nirav Comm AASHNA BROKING SERVICES PVT. LTD. S 4000 422.84
26/3/2010 511523 Niyati Inds VEENABEN PRAKASHBHAI SHAH S 309843 0.63
26/3/2010 531496 Omkar Overseas CHAMPALAL GOPIRAM AGARWAL S 40000 67.75
26/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED B 11300 207.14
26/3/2010 512097 Oregon Comm SANJAY JETHALAL SONI B 4891 207.79
26/3/2010 512097 Oregon Comm KRUPA SANJAY SONI S 13832 207.84
26/3/2010 512097 Oregon Comm USHABEN ANILKUMAR AGARWAL S 7000 210.00
26/3/2010 531280 Pankaj Poly GARNET INTERNATIONAL LIMITED B 100000 20.50
26/3/2010 531280 Pankaj Poly SURESH GAGGAR S 100000 20.50
26/3/2010 570002 PANTALBNDVR PANTALOON INDUSTRIES LIMITED B 1235245 259.98
26/3/2010 570002 PANTALBNDVR ERUDITE TRADING PRIVATE LIMITED S 1235245 259.98
26/3/2010 526588 Photoquip India FOZIYHA AKIL CONTRACTOR B 32989 20.70
26/3/2010 533107 PIPAVAVSHIP SMALLCAP WORLD FUND INC B 6948441 63.83
26/3/2010 524570 Poddar Pigm UNATGAGAN COMMODITIES PVT. LTD. B 199175 38.06
26/3/2010 524570 Poddar Pigm JAI MAA VINIMAY PRIVATE LIMITED B 274850 37.59
26/3/2010 524570 Poddar Pigm CRADLE FINANCE AND INVESTMENT PVT LTD S 528500 37.86
26/3/2010 531467 Polypro Fibrils PARUL JAYESH SHAH B 27000 28.70
26/3/2010 531467 Polypro Fibrils JAYESHRAVINCHANDRASHAH B 27000 28.70
26/3/2010 531467 Polypro Fibrils GEETAA JAY SHAH B 30000 28.70
26/3/2010 531467 Polypro Fibrils STATUS EQUITY AND FINANCE PVT S 101700 28.70
26/3/2010 531688 Prithvi Soft MEENA CHANDAK B 45000 17.19
26/3/2010 531688 Prithvi Soft SUGAL & DAMANI PRO ACCOUNT S 41540 17.24
26/3/2010 507649 Rasoi BNK CAPITAL MARKETS LIMITED B 43928 312.41
26/3/2010 507649 Rasoi RAJYASHREE CHAUDHURI S 43200 312.40
26/3/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 58500 92.37
26/3/2010 512359 Rotam Comm S B MALANI SONS S 5389 127.41
26/3/2010 512359 Rotam Comm NIMAI AGENCIES PRIVATE LIMITED S 9000 127.30
26/3/2010 531901 SAARC Net MANISH DEVENDRA RATHI B 500000 1.17
26/3/2010 531901 SAARC Net JITENDRA CHANDRABHAN SINGH B 300000 1.17
26/3/2010 533056 SARK SYS TANMOY GANGULY B 166068 19.00
26/3/2010 533056 SARK SYS MVM SECURITIES PVT LTD S 120903 18.85
26/3/2010 526885 Sarla Perf DADAL & BROACHA STOCK BROKING PVT LTD B 40400 90.16
26/3/2010 526510 Shakti Metdor SILPA SHELTERS LIMITED B 27910 176.60
26/3/2010 526510 Shakti Metdor CHANDA SUDHIR S 55910 176.00
26/3/2010 532323 Shiva Cement SPLENDOR AGENTS LTD. S 700000 9.33
26/3/2010 531693 Shri Ganesh Spi CHANDRAKANT B SHAH B 987415 12.28
26/3/2010 531693 Shri Ganesh Spi JIGNESH CHANDRAKANT SHAH B 780035 12.28
26/3/2010 531693 Shri Ganesh Spi MANJU KANWAR RATHORE S 350000 12.25
26/3/2010 531693 Shri Ganesh Spi KAN SINGH RATHORE S 550000 12.26
26/3/2010 531693 Shri Ganesh Spi AMRAPALI CAPITAL AND FINANCE SERVICES LIMITED S 480000 12.30
26/3/2010 531693 Shri Ganesh Spi AKSHAR ENTERTAINMENT PRIVATE LTD S 480000 12.30
26/3/2010 532961 Sita Shree Food PRAGNESH JAGDISHBHAI PATEL B 243961 11.59
26/3/2010 532961 Sita Shree Food PRAGNESH JAGDISHBHAI PATEL S 233314 11.45
26/3/2010 531645 Southern Ispat RAJANBABU VENKATAMALLU GADDAM B 63242 23.94
26/3/2010 531645 Southern Ispat RAJAN BABU V GADDAM B 100000 24.24
26/3/2010 512413 Spectacle Inds KISHORE B CHAUHAN B 270769 105.09
26/3/2010 521161 Sri Lakshmi Saras RN RUBESH B 18890 13.35
26/3/2010 531841 Subuthi Finance DHIRAJLAL V SANGHVI HUF S 25556 105.26
26/3/2010 510245 Swasti Vinay Syn ASHIRWAD SHELTERS PRIVATE LIMITED S 357806 3.02
26/3/2010 533157 SYNCOM HEAL JUGAL BUILDCON PVT LTD B 114960 155.16
26/3/2010 533157 SYNCOM HEAL PRUDENTIAL MANAGEMENT ADVISORS PVT. LTD. B 466188 138.83
26/3/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. B 1373592 145.12
26/3/2010 533157 SYNCOM HEAL SMART EQUITY BROKERS PRIVATE LIMITED B 1037248 145.10
26/3/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. B 435991 144.88
26/3/2010 533157 SYNCOM HEAL MAHESHKUMAR AMRUTLAL PATEL B 128023 138.54
26/3/2010 533157 SYNCOM HEAL PINAC STOCK BROKERS PVT LTD B 127196 142.11
26/3/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED B 326360 145.23
26/3/2010 533157 SYNCOM HEAL MAMTA GUPTA B 101900 146.35
26/3/2010 533157 SYNCOM HEAL JINALBEN BHAVIKBHAI VORA B 92000 151.35
26/3/2010 533157 SYNCOM HEAL PRAKASHBHAI NARSINHBHAI PATEL B 133717 145.01
26/3/2010 533157 SYNCOM HEAL DIPALI MANISH SHAH B 118526 138.20
26/3/2010 533157 SYNCOM HEAL MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 229929 149.66
26/3/2010 533157 SYNCOM HEAL AMRAPALI CAPITAL AND FINANCE SERVICES LIMITED B 280790 155.00
26/3/2010 533157 SYNCOM HEAL LUMINOUS IMPEX PRIVATE LIMITED B 320000 140.41
26/3/2010 533157 SYNCOM HEAL AKSHAR ENTERTAINMENT PRIVATE LTD B 160000 153.50
26/3/2010 533157 SYNCOM HEAL CHANDARANA INTERMIDIARY BROKERS PVT LTD B 217910 146.26
26/3/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. B 573145 144.58
26/3/2010 533157 SYNCOM HEAL EUREKA STOCK & SHARE BROKING SERVICES LTD B 90662 148.71
26/3/2010 533157 SYNCOM HEAL SANJAY SINGHAL & SONS (HUF) B 93047 150.86
26/3/2010 533157 SYNCOM HEAL SANJEEV SINGHAL B 535619 146.87
26/3/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD B 554986 146.17
26/3/2010 533157 SYNCOM HEAL ANITA SINGHAL B 433788 143.53
26/3/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED B 230915 144.49
26/3/2010 533157 SYNCOM HEAL SPS SHARE BROKERS PRIVATE LIMITED B 92081 144.02
26/3/2010 533157 SYNCOM HEAL ALIN AJAYKUMAR SHAH B 107000 147.07
26/3/2010 533157 SYNCOM HEAL PANKAJKUMAR BHOGILAL SHAH HUF B 160000 153.00
26/3/2010 533157 SYNCOM HEAL ADITYA NITINBHAI PAREKH B 160000 146.37
26/3/2010 533157 SYNCOM HEAL DEEPAK P VORA B 91241 144.02
26/3/2010 533157 SYNCOM HEAL RAKHI KALPESH BHANDARI B 136638 146.12
26/3/2010 533157 SYNCOM HEAL PUNIT TAPARIA B 228808 146.97
26/3/2010 533157 SYNCOM HEAL PRUDENTIAL MANAGEMENT ADVISORS PVT. LTD. S 466188 147.25
26/3/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. S 1373592 145.03
26/3/2010 533157 SYNCOM HEAL SMART EQUITY BROKERS PRIVATE LIMITED S 1037260 145.18
26/3/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. S 435991 144.44
26/3/2010 533157 SYNCOM HEAL MAHESHKUMAR AMRUTLAL PATEL S 128023 138.98
26/3/2010 533157 SYNCOM HEAL PINAC STOCK BROKERS PVT LTD S 127196 147.73
26/3/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED S 326410 144.64
26/3/2010 533157 SYNCOM HEAL MAMTA GUPTA S 101900 145.49
26/3/2010 533157 SYNCOM HEAL JINALBEN BHAVIKBHAI VORA S 92000 139.84
26/3/2010 533157 SYNCOM HEAL PRAKASHBHAI NARSINHBHAI PATEL S 220717 142.63
26/3/2010 533157 SYNCOM HEAL DIPALI MANISH SHAH S 118526 155.30
26/3/2010 533157 SYNCOM HEAL MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 229929 149.69
26/3/2010 533157 SYNCOM HEAL AMRAPALI CAPITAL AND FINANCE SERVICES LIMITED S 358915 133.85
26/3/2010 533157 SYNCOM HEAL LUMINOUS IMPEX PRIVATE LIMITED S 320000 149.94
26/3/2010 533157 SYNCOM HEAL AKSHAR ENTERTAINMENT PRIVATE LTD S 160000 135.63
26/3/2010 533157 SYNCOM HEAL CHANDARANA INTERMIDIARY BROKERS PVT LTD S 217910 146.12
26/3/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. S 573145 144.50
26/3/2010 533157 SYNCOM HEAL EUREKA STOCK & SHARE BROKING SERVICES LTD S 90662 148.76
26/3/2010 533157 SYNCOM HEAL SANJAY SINGHAL & SONS (HUF) S 93047 150.89
26/3/2010 533157 SYNCOM HEAL SANJEEV SINGHAL S 535619 147.02
26/3/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD S 554986 146.18
26/3/2010 533157 SYNCOM HEAL ANITA SINGHAL S 433788 143.45
26/3/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED S 230915 144.38
26/3/2010 533157 SYNCOM HEAL SPS SHARE BROKERS PRIVATE LIMITED S 92081 145.23
26/3/2010 533157 SYNCOM HEAL PANKAJKUMAR BHOGILAL SHAH HUF S 160000 135.04
26/3/2010 533157 SYNCOM HEAL ADITYA NITINBHAI PAREKH S 160000 153.61
26/3/2010 533157 SYNCOM HEAL DEEPAK P VORA S 91241 143.67
26/3/2010 533157 SYNCOM HEAL RAKHI KALPESH BHANDARI S 136638 147.01
26/3/2010 533157 SYNCOM HEAL PUNIT TAPARIA S 228808 146.86
26/3/2010 533157 SYNCOM HEAL JUGAL BUILDCON PVT LTD S 114960 142.49
26/3/2010 533164 Texmo Pipes GENUINE STOCK BROKERS PVT. LTD. B 119601 101.43
26/3/2010 533164 Texmo Pipes SMART EQUITY BROKERS PRIVATE LIMITED B 99006 100.38
26/3/2010 533164 Texmo Pipes STAR FINVEST PVT LTD B 57038 101.88
26/3/2010 533164 Texmo Pipes SUNEET LAL B 69160 102.89
26/3/2010 533164 Texmo Pipes SANJEEV SINGHAL B 66889 100.42
26/3/2010 533164 Texmo Pipes OPG SECURITIES P LTD B 115626 101.57
26/3/2010 533164 Texmo Pipes GENUINE STOCK BROKERS PVT. LTD. S 119601 101.52
26/3/2010 533164 Texmo Pipes SMART EQUITY BROKERS PRIVATE LIMITED S 99006 100.36
26/3/2010 533164 Texmo Pipes STAR FINVEST PVT LTD S 57038 102.27
26/3/2010 533164 Texmo Pipes SUNEET LAL S 69160 103.19
26/3/2010 533164 Texmo Pipes SANJEEV SINGHAL S 66889 100.56
26/3/2010 533164 Texmo Pipes OPG SECURITIES P LTD S 115626 101.77
26/3/2010 530199 Themis Medicare THEMIS DISTRIBUTORS PVT. LTD. B 234612 181.50
26/3/2010 530199 Themis Medicare KISHORCHAND RATULSIDAS LAKDAWALA S 235712 181.50
26/3/2010 590005 Tide Water MADANLAL LIMITED S 5000 4950.26
26/3/2010 507205 Tilaknagar Inds ABN AMRO BANK NV B 750000 130.23
26/3/2010 507205 Tilaknagar Inds AMITA RUNDAHANUKAR S 1066910 131.08
26/3/2010 502281 Triveni Glass ASTUTE COMMODITIES & DERIVATIVES PVT.LTD. B 225000 9.52
26/3/2010 502281 Triveni Glass BP FINTRADE PRIVATE LIMITED S 225000 9.52
26/3/2010 532765 Usher Agro YASH SHARES AND STOCK PRIVATE B 170000 54.50
26/3/2010 532765 Usher Agro MANISH GANDHI B 123174 54.80
26/3/2010 532765 Usher Agro SOURABH HEMRAJ BORA S 164428 54.50
26/3/2010 532389 Valecha Engr EMERGING STAR INVESTMENT PRIVATE LIMITED B 85000 147.56
26/3/2010 532389 Valecha Engr THE ROYAL BANK OF SCOTLAND PLC AS TR OF JUPITER INDIA FUND S 103626 136.84
26/3/2010 531249 Well Pack Papers BENKO TRADING PRIVATE LTD S 435000 28.80
26/3/2010 501391 WH Brady ASHOK KUMAR BILGAIYAN B 25686 147.03
26/3/2010 501391 WH Brady ASHOK KUMAR BILGAIYAN S 25686 148.86
26/3/2010 531396 Women Networks ROHIT DUGAR B 60000 22.91
26/3/2010 531396 Women Networks NAYNABEN ANILKUMAR PATEL B 32000 22.30
26/3/2010 531396 Women Networks MAHESH KUMAR MINDIA HUF B 24200 21.37
26/3/2010 531396 Women Networks RAMESHCHANDRA SURAJMAL HUF B 32001 23.50
26/3/2010 531396 Women Networks NAYNABEN ANILKUMAR PATEL S 32000 23.50
26/3/2010 531396 Women Networks MAHESH KUMAR MINDIA HUF S 27024 23.06
26/3/2010 531396 Women Networks RAMESHCHANDRA SURAJMAL HUF S 32001 22.30
* B - Buy, S - Sell

NSE Bulk Deals to Watch - March 26 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-MAR-2010,AGRODUTCH,Agro Dutch Industries Ltd,A JAIN & COMPANY PVT.LTD.,BUY,231191,23.90,-
26-MAR-2010,ARSSINFRA,ARSS Infra Proj. Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,104320,947.09,-
26-MAR-2010,CREATIVEYE,Creative Eye Ltd.,PATEL PRAGNESH JAGDISHBHAI,BUY,120182,8.43,-
26-MAR-2010,EMMBI,Emmbi Polyarns Ltd,ANKITA VISHAL SHAH,BUY,83949,23.26,-
26-MAR-2010,FIEMIND,Fiem Industries Limited,SPAN STOCK BROKING PRIVATE LTD,BUY,70000,105.34,-
26-MAR-2010,HANUNG,Hanung Toys and Textiles,AASHKA CONSTRUCTION PVT LTD,BUY,131223,214.92,-
26-MAR-2010,KHAITANELE,Khaitan Electricals Ltd,SARSWATI VINCOM LTD,BUY,74728,75.00,-
26-MAR-2010,MSKPROJ,MSK Projects (India) Limi,GENUINE STOCK BROKERS PVT LTD,BUY,116189,152.04,-
26-MAR-2010,MSKPROJ,MSK Projects (India) Limi,SAL REAL ESTATES (P) LTD,BUY,179241,148.66,-
26-MAR-2010,NELCO,Nelco Ltd.,BP FINTRADE PRIVATE LIMITED,BUY,160269,141.33,-
26-MAR-2010,NELCO,Nelco Ltd.,GENUINE STOCK BROKERS PVT LTD,BUY,157874,143.44,-
26-MAR-2010,NELCO,Nelco Ltd.,MANIPUT INVESTMENTS PVT. LTD.,BUY,171286,143.47,-
26-MAR-2010,NELCO,Nelco Ltd.,OM INVESTMENTS,BUY,160127,141.84,-
26-MAR-2010,PIPAVAVYD,Pipavav Shipyard Ltd,SMALLCAP WORLD FUND INC,BUY,11851559,63.80,-
26-MAR-2010,PRETAILDVR,Class B shares (Series 1),SANTOSH INDUSTRIES LTD,BUY,400000,250.00,-
26-MAR-2010,SITASHREE,Sita Shree Food Products,PATEL PRAGNESH JAGDISHBHAI,BUY,186201,11.56,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,BUY,219988,141.19,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,333285,144.72,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,BUY,135587,141.20,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ALIN AJAYKUMAR SHAH,BUY,96500,148.18,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AMRAPALI CAPITAL AND FINANCE SERVICES LTD.,BUY,293225,153.85,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ASHWIN COMMODITIES AND SHARES PVT. LTD.,BUY,112648,152.38,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,147170,142.08,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BABY. R,BUY,98030,134.65,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BHAVIN SURESH CHHEDA,BUY,106368,138.55,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BLUE PEACOCK SECURITIES PVT LT,BUY,155000,143.82,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BP FINTRADE PRIVATE LIMITED,BUY,692693,146.20,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,C D INTEGRATED SERVICES LTD.,BUY,204328,142.76,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,221086,145.38,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CPR CAPITAL SERVICES LTD.,BUY,416397,146.20,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DEEPAK SHANTILAL CHHEDA,BUY,155836,145.60,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DHRUMIL N CHOGANWALA,BUY,345951,137.89,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DINESH MUNJAL(HUF),BUY,163808,145.54,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,G RAMAKRISHNA,BUY,238000,146.71,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1824828,144.92,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,BUY,91374,150.03,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GKN SECURITIES,BUY,92171,145.20,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,INDIA ADVANTAGE SECURITIES LTD.,BUY,146924,139.74,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,122527,134.33,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,KASHMIRA UDAYBHAI SHAH,BUY,89887,142.87,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,BUY,138135,145.69,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MAMTA GUPTA,BUY,101700,145.40,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,616407,144.76,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,640783,144.37,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MUKUL RAMVALLABH TIBREWALA,BUY,129594,146.42,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,72871,142.13,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,BUY,183381,146.02,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,PINAC STOCK BROKERS PVT LTD,BUY,120435,137.53,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,PRUDENTIAL MANAGEMENT ADVISORS PVT. LTD.,BUY,268966,143.76,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,BUY,167000,146.30,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R S SINDHU,BUY,104359,145.24,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,BUY,260363,144.55,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,RAHUL DOSHI,BUY,116609,140.12,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,RANA UMAKANT SINGH,BUY,101450,145.71,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,SACHDEVA STOCKS PVT LTD,BUY,102142,147.07,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,SMART EQUITY BROKERS PRIVATE LIMITED,BUY,178100,143.32,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,449567,143.72,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,V G N JEWELLERY PRIVATE LIMITE,BUY,90000,133.00,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,VAIBHAV DOSHI,BUY,87547,140.59,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,VIMALA.S.,BUY,124600,149.48,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,64395,100.92,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,189135,101.27,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,56500,100.08,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,BUY,78848,100.63,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SACHDEVA STOCKS PVT LTD,BUY,67500,98.87,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,BUY,100023,103.08,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,59472,100.84,-
26-MAR-2010,ARSSINFRA,ARSS Infra Proj. Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,104320,947.37,-
26-MAR-2010,AURIONPRO,Aurionpro Solutions Limit,MORGAN STANLEY MAURITIUS COMPANY LTD,SELL,142000,311.08,-
26-MAR-2010,EMMBI,Emmbi Polyarns Ltd,ANKITA VISHAL SHAH,SELL,83949,23.15,-
26-MAR-2010,FIEMIND,Fiem Industries Limited,FAST CAPITAL MARKETS LTD.,SELL,70000,105.34,-
26-MAR-2010,HANUNG,Hanung Toys and Textiles,AASHKA CONSTRUCTION PVT LTD,SELL,131223,214.86,-
26-MAR-2010,KARURVYSYA,Karur Vysya Bank Ltd,BRP STOCK BROKING SERVICES LIMITED,SELL,300000,448.89,-
26-MAR-2010,KHAITANELE,Khaitan Electricals Ltd,ARION COMMERCIAL PVT LTD,SELL,70550,75.00,-
26-MAR-2010,KLGSYSTEL,KLG Systel Ltd.,VANAJA SUNDAR,SELL,87432,123.01,-
26-MAR-2010,MSKPROJ,MSK Projects (India) Limi,GENUINE STOCK BROKERS PVT LTD,SELL,116189,152.08,-
26-MAR-2010,NELCO,Nelco Ltd.,BP FINTRADE PRIVATE LIMITED,SELL,160269,141.06,-
26-MAR-2010,NELCO,Nelco Ltd.,GENUINE STOCK BROKERS PVT LTD,SELL,157874,143.74,-
26-MAR-2010,NELCO,Nelco Ltd.,MANIPUT INVESTMENTS PVT. LTD.,SELL,171286,143.61,-
26-MAR-2010,NELCO,Nelco Ltd.,OM INVESTMENTS,SELL,160127,141.98,-
26-MAR-2010,PIPAVAVYD,Pipavav Shipyard Ltd,MONEY MATTERS ADVISORY SERVICES LTD ,SELL,7500000,63.80,-
26-MAR-2010,PRETAILDVR,Class B shares (Series 1),BIRLA SUN LIFE INSURANCE COMPANY LIMITED,SELL,428672,250.07,-
26-MAR-2010,SITASHREE,Sita Shree Food Products,PATEL PRAGNESH JAGDISHBHAI,SELL,401047,11.55,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,SELL,219988,141.22,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,333235,145.46,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,SELL,135587,155.63,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ALIN AJAYKUMAR SHAH,SELL,16500,152.37,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AMRAPALI CAPITAL AND FINANCE SERVICES LTD.,SELL,675100,138.51,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ASHWIN COMMODITIES AND SHARES PVT. LTD.,SELL,247648,146.84,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,SELL,12170,135.89,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BABY. R,SELL,98030,139.24,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BHAVIN SURESH CHHEDA,SELL,106368,138.67,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BLUE PEACOCK SECURITIES PVT LT,SELL,155000,135.66,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BP FINTRADE PRIVATE LIMITED,SELL,692693,146.15,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,C D INTEGRATED SERVICES LTD.,SELL,204328,142.73,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,221086,145.54,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CPR CAPITAL SERVICES LTD.,SELL,416397,146.17,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DEEPAK SHANTILAL CHHEDA,SELL,155836,145.70,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DHRUMIL N CHOGANWALA,SELL,345951,139.79,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,DINESH MUNJAL(HUF),SELL,163808,145.59,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,G RAMAKRISHNA,SELL,238000,146.39,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1824828,145.08,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,SELL,91374,150.14,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GKN SECURITIES,SELL,92171,145.44,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,INDIA ADVANTAGE SECURITIES LTD.,SELL,146924,139.73,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,122527,134.45,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,KASHMIRA UDAYBHAI SHAH,SELL,89887,148.61,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,SELL,138135,147.84,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MAMTA GUPTA,SELL,101700,146.53,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,616407,144.79,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,640783,144.56,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MUKUL RAMVALLABH TIBREWALA,SELL,129594,146.50,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,96787,143.59,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,SELL,183381,146.09,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,PINAC STOCK BROKERS PVT LTD,SELL,120435,147.19,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,PRUDENTIAL MANAGEMENT ADVISORS PVT. LTD.,SELL,266966,156.84,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,SELL,167000,146.08,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R S SINDHU,SELL,104359,145.32,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,SELL,260363,144.72,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,RAHUL DOSHI,SELL,116609,139.73,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,RANA UMAKANT SINGH,SELL,101450,145.04,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,SACHDEVA STOCKS PVT LTD,SELL,102142,148.41,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,SMART EQUITY BROKERS PRIVATE LIMITED,SELL,178600,143.50,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,449567,144.20,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,V G N JEWELLERY PRIVATE LIMITE,SELL,90000,153.38,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,VAIBHAV DOSHI,SELL,87547,144.53,-
26-MAR-2010,SYNCOM,Syncom Healthcare Ltd,VIMALA.S.,SELL,124600,149.23,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,64395,100.60,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,189135,101.33,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,56500,100.29,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,SELL,78848,100.62,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SACHDEVA STOCKS PVT LTD,SELL,67500,102.73,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,SELL,100023,102.99,-
26-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,60499,100.03,-
26-MAR-2010,TIDEWATER,Tide Water Oil Co. (India,MADANLAL LIMITED,SELL,5000,4950.02,-
26-MAR-2010,VALECHAENG,Valecha Engineering Limit,THE ROYAL BANK OF SCOTLAND PLC AS TR OF JUPITER INDIA FUND,SELL,137225,136.83,-

Nifty scales two-year closing high

The 50-unit S&P CNX Nifty attained its highest closing level in more than two years supported by persistent buying by the foreign funds. The barometer index BSE Sensex achieved its highest closing level in more than two months as equities gained for the seven straight week. The Sensex jumped 85.91 points or 0.49%, off close to 40 points from the day's high.

The market breadth turned weak in the latter part of the day. That was in contrast to a strong breadth earlier in the day. Index heavyweight Reliance Industries (RIL) trimmed gains in late trade. Metal, consumer durables, auto and banking stocks rose. But, IT stocks fell. Most Asian stocks rose after European leaders on Thursday agreed on an aid plan for Greece, easing concern the nation's debt crisis will spread and derail the global recovery. However, European stocks edged lower.

Stocks were volatile. The market trimmed gains in morning trade after hitting its highest level in more than two months. The market jumped again to hit fresh two-month high in mid-morning trade. It once again trimmed gains in early afternoon trade. The market witnessed a bout of volatility in afternoon trade. The Sensex hit a fresh 2-month high in mid-afternoon trade. The market pared gains in late trade.

The market sentiment remains firm on heavy buying by foreign funds this month. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 12125.81 crore this month, till 25 March 2010. Finance secretary Ashok Chawla said on Tuesday, 23 March 2010, that foreign capital flows into India are currently not posing any concern.

Emerging-market equity funds combined took in a net $1.4 billion during the week ended 24 March 2010, a 10-week high, bringing year-to-date inflow totals past the $7 billion mark, according to the latest data from global fund tracker EPFR Global. But, China equity funds posted outflows in the week.

Encouraging Q4 March 2010 advance tax figures of top Indian firms, indicating good Q4 March 2010 results, boosted Indian equities over the past few days. The market 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. Global credit rating agency Standard & Poor's, last week, revised the outlook on India to stable from negative due to improved government finances.

The stock market gave a thumbs up to 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 growth of about 8% and inflation of about 4.5% for 2010-2011.

The forecast for the southwest monsoon for 2010 is the next major trigger for the market. Good rains this year after last year's drought will boost farm output and rural incomes. But another monsoon failure will add to inflationary pressure which in turn may hamper the current strong economic rebound.

The Indian Meteorological Department (IMD) issues a monsoon forecast, usually in the second half of April after considering weather observations in different parts of the world and extrapolating statistical data

Food prices eased for the third straight week in mid-March while fuel inflation remained steady. The Reserve Bank is seen raising rates the second time in as many months in April. The Reserve Bank of India (RBI) surprised markets with a 25 basis point hike in its key lending rate last week to tame headline inflation that is near 10% and warned of a build up in demand-side pressures in the economy.

Data on Thursday showed the fuel price index rose 12.68% in the year to 13 March 2010, flat on the week. The government had raised motor fuel prices in late February. The food price index rose an annual 16.22% in the year to 13 March 2010, lower than the previous week's reading of 16.30%. The primary articles index was up 13.88% for the latest period, compared with 14.16% in the previous week.

After the most recent rate hike, analysts are betting the RBI will raise rates to a slightly higher level this year than earlier expected. Most now see rates being raised by a total of 100 basis points by the end of 2010. The Reserve Bank of India (RBI) said on Thursday it was imperative to curb inflationary pressures fuelled by increased capacity utilisation and rising energy and commodity prices.

Earlier on Thursday, a document from the country's top policy panel said India should aim for an average 5% inflation and this was a target "quite within the realm of possibilities". A week after the RBI unexpectedly lifted its key rates, it said food prices were moderating but were still high and the pace of inflation in non-food manufactured goods was accelerating.

The RBI spoke of challenges in managing the central government's record $100.4 billion borrowing plan for the financial year that begins on 1 April 2010 and said the timing and maturity profile of fresh issuances were key. The huge borrowing sums could harden yields, making funds for banks and corporates more expensive, the RBI said. The RBI said the process of fiscal consolidation would help better monetary management.

The stock market will spurt if the government undertakes 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.

In global news, euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling. Under the accord, Athens would receive coordinated bilateral loans from other countries that use the euro and money from the International Monetary Fund if it faced severe difficulties.

European shares edged lower on Friday, moving off annual highs, after Europe agreed a plan to support Greece if required. The key benchmark indices in France, Germany and UK were down by between 0.19% to 0.29%.

Asian stock markets were mostly up Friday, with Japanese exporters higher on the yen's recent weakness and banks in China were up after their earnings this week met expectations. The key benchmark indices in China, Hong Kong, Indonesia, Singapore, Taiwan, South Korea and Japan rose by between 0.49% to 1.55%.

Deflation continued in Japan as consumer prices data released Friday showed a decline for the 12th straight month in February. Core CPI, which excludes fresh food, dropped 1.2% from a year earlier.

South Korea left its fourth-quarter growth rate unrevised at 0.2%, compared to the previous three-month period, the Bank of Korea said in a statement Friday.

Trading in US index futures indicated that the Dow could gain 21 points at the opening bell on Friday, 26 March 2010.

US markets ended slightly lower on on Thursday on strength in dollar. The Dow Jones rose 5.06 points or 0.05% to 10,841.21. The Nasdaq declined 1.35 points or 0.06% to 2,397.41 and the S&P 500 fell 1.99 points or 0.17% to 1,165.73. In economic news, initial jobless claims for the week ended 20 March 2010 totaled 442,000, which was a bit less than the expected total of 450,000 and down 14,000 from the prior week. Continuing claims came in at 4.65 million down roughly 54,000.

A modest US economic recovery still warrants the Federal Reserve's ultra-low interest rate policy, but the central bank stands ready to remove stimulus once the expansion looks solid, Chairman Ben Bernanke said on Thursday.

Closer home, the BSE 30-share Sensex was up 85.91 points or 0.49% to 17,644.76, its highest closing since 6 January 2010. The Sensex rose 124.09 points at the day's high of 17,682.94 in mid-afternoon trade. The barometer opened at the previous day's close of 17,558.85 in early trade which was also the day's low.

The S&P CNX Nifty was up 21.60 points or 0.41% to 5282, its highest closing since 28 February 2008.

The BSE Mid-Cap index rose 0.71% and outperformed Sensex. The BSE Small-Cap index fell 0.03% and underperformed Sensex.

The BSE Auto index (up 1.75%), the BSE Bankex (up 1.59%), the BSE Consumer Durables index (up 1.37%), the BSE FMCG index (up 0.74%), the BSE Oil & Gas index (up 0.72%), the BSE Metal index (up 0.53%), outperformed the Sensex.

The BSE IT index (down 0.67%), the BSE Teck index (down 0.55%), the BSE Realty index (down 0.25%), the BSE HealthCare index (down 0.17%), the BSE Capital Goods index (down 0.06%), the BSE Power index (up 0.01%), the BSE PSU index (up 0.21%), underperformed the Sensex.

The market breadth, indicating overall health of the market was weak in contrast to a strong breadth earlier in the day. On BSE, 1192 shares advanced as compared with 1660 that declined. A total of 88 shares remained unchanged. The breadth was much stronger earlier in the day.

From the 30 Sensex shares, 18 stocks rose and the rest fell.

BSE clocked a turnover of Rs 4597 crore, higher than Rs 4557.30 crore on Thursday, 25 March 2010.

Index heavyweight Reliance Industries (RIL) rose 0.67%, to Rs 1099, extending recent gains on expectations of good Q4 March 2010 results. But the stock came off the day's high of Rs 1109.40. As per the market buzz, RIL's Q4 advance tax surged to Rs 770 crore in Q4 March 2010 from 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 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.

Bharti Airtel fell 1.15% on concerns that a debt-funded $9 billion deal to buy the African assets of Kuwaiti telecom Zain may stretch the Indian mobile operator's financials. Bharti said late on Thursday due diligence on the deal to buy Zain Africa BV, a company incorporated in the Netherlands, is complete and said it expected to sign definitive agreements with Zain soon, echoing what the Kuwaiti group said the previous day. The acquisition would give Bharti access to 15 countries in Africa.

Rate sensitive banking stocks rose on reports the annual growth in bank credit has for the first time exceeded the Reserve Bank of India's (RBI's) estimate of 16% for 2009-10. According to latest data from RBI, loan disbursement by scheduled commercial banks, including regional rural banks, recorded 16.04% growth at the end of 12 March 2010, on a year-on-year basis. This is above RBI's projection of 16% credit growth in this financial year. India's largest private sector bank by net profit ICICI Bank rose 1.91%. The bank's Q3 advance tax payment surged to Rs 350 crore versus Rs 250 crore a year ago.

India's largest private sector bank by net profit HDFC Bank rose 1.16% gaining for the straight fourth day. It hits all time high of Rs 1952.70 today. India's largest bank by net profit and branch network State Bank of India (SBI) rose 1.09%.

IT stocks fell on profit taking after recent strong gains. India's largest software services exporter by sales Tata Consultancy Services (TCS) fell 0.46%. The company said recently 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 1% after hitting a record high on Thursday. Its ADR rose 0.36% on Thursday. Infosys' fourth quarter advance tax payment doubled. India's third largest software services exporter by sales Wipro fell 0.31%. Its ADR fell 0.78% on Thursday.

Auto stocks rose on expectations of good Q4 results. Tata Motors rose 3.36% on reports the company is selling about 20% stake in its equipment and services unit, Telco Construction Equipment Company (Telcon), to Japan's Hitachi Construction Machinery Company for roughly $220 million. Telcon, in which Tata Motors holds 60% stake and Hitachi 40%, supplies a wide range of construction equipment such as excavators, mining shovels and dumpers to the construction and earth-moving sector.

The stock had lost over the past two days after company said it is offering an early conversion of notes into stock through an auction to help reduce the debt on its balance sheet. The company, whose products range from the premium Jaguar and Land Rover to the ultra-cheap Nano car, on Tuesday invited holders of its foreign currency convertible notes to submit applications to convert them into shares.

Bondholders will get an enhanced conversion ratio in the offer, which runs through 29 March 2010, the truckmaker said in a statement on Tuesday. The plan covers 11.8 billion yen ($131 million) of zero-coupon notes due March 2011 and $300 million of 1% bonds due in April 2011.

India's largest tractor maker by sales Mahindra & Mahindra (M&M) rose 2.2% extending Thursday's gains. The company paid Rs 236 crore in advance tax in Q4 March 2010 versus nil payment a year earlier.

India's largest car maker by sales Maruti Suzuki India rose 1.76% on bargain hunting after a recent slide triggered by fears increase in competition may dent sales. Recently, Ford India entered the small car market with 'Figo'.

Bajaj Auto rose 5.16% extending Thursday's gains. The company said on Thursday it is targeting sales of 40 lakh vehicles in the year ending March 2011. The company sold 25.78 lakh vehicles in the first eleven months of the current fiscal year ending March 2010.

But India's largest bike maker by sales Hero Honda Motors fell 0.81% on profit taking after Thursday's 4.39% gains after the company said a meeting of company's board of directors will be held on 30 March 2010 to consider the declaration of special interim dividend.

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.

Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 0.89% on Thursday, 25 March 2010. JSW Steel, Jai Corp, NMDC, Guj NRE Coke, Sesa Goa, Steel Authority of India, Hindalco Industries rose by between 0.26% to 3.66%.

India's largest steel maker by sales Tata Steel rose 1.2%. Its Q4 advance tax payment rose to Rs 513 crore from Rs 406 crore a year earlier.

But, India's largest copper maker by sales Sterlite Industries fell 0.18% reversing early gains. As per recent reports, a legal fight seems likely between Sterlite Industries and US copper miner Asarco LLC. The American company has filed a lawsuit against Sterlite for going back on a two-year old deal to acquire Asarco. This prompted Sterlite to also file a lawsuit against Asarco to claim recovery of about $50 million (about Rs 230 crore) that was deposited earlier.

National Aluminium Company fell 0.14%. The Union Minister for Mines has ruled out any possibility of disinvestment in the state-run aluminium firm.

Consumer durables stocks rose on hopes increase in disposable incomes following changes in personal income tax slabs in the Budget could boost consumption. Videocon Industries, Titan Industries and Gitanjali Gems rose by between 0.07% to 3.76%.

FMCG stocks rose on government's thrust on the rural sector and social schemes in the Budget. Hindustan Unilever rose 2.61%, extending recent 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, ITC, United Spirits, Nestle India, Dabur India, Marico rose by between 0.17% to 3.34%.

Pharma stocks rose on hopes of a surge in US exports after the US Congress passed the heavily-contested healthcare bill on Sunday, 21 March 2010. Biocon, Ipca Laboratories, Ranbaxy Laboratories, Sun Pharmaceutical Industries, Glenmark Pharmaceuticals rose by between 0.02% to 3.66%.

Following the passage of the landmark healthcare bill, multinational firms may now be willing to put more money to buy into India's formulations companies. The healthcare bill is the US government's attempt to reduce healthcare costs. The Obama administration would make a nearly $1-trillion commitment in taxpayer money over the next decade to help an estimated 32 million uninsured Americans get health coverage. The bill also promotes use of generic drugs that are often one-tenth the price of the original version, but has the same impact.

Analysts opine that this would translate into huge opportunities to Indian companies as India has the largest number of US Food and Drug Administration approved pharma plants outside the US. India was among the 14 countries named in the Congress discussion that can offer low-cost drugs to achieve lower healthcare costs

Some infrastructure stocks fell on profit taking after recent gains triggered by the government's major thrust on infrastructure sector. 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. Larsen & Toubro, Nagarjuna Construction Company, Hindustan Construction Company rose by between 0.27% to 0.95%.

Rate sensitive realty shares fell after a rate hike by the central bank late last week. HDIL, DLF, Omaxe, Ackruti City, Sobah Developers, Omaxe, Unitech, Phoenix Mills fell by between 0.23% to 2.91%.

Cals Refineries clocked the highest volume of 2.79 crore shares on BSE. Bellary Steels (2.58 crore shares), Syncom HealthCare (2.19 crore shares), Pipavav Shipyard (0.95 crore shares) and Birla Power Solutions (0.94 crore shares) were the other volume toppers in that order.

Syncom HealthCare clocked the highest turnover of Rs 295.78 crore on BSE. ARSS Infra (Rs 181.78 crore), Tata Motors (Rs 91.71 crore), Reliance Industries (Rs 84.97 crore) and State Bank of India (Rs 75.41 crore) were the other turnover toppers in that order.

DQ Entertainment Grey Market - Persistent Systems

Company Name	Offer Price (Rs.)	Premium (Rs.)
DQ Entertainment (Inter.)	80	62 to 65
Pradip Overseas	110	15 to 16
ILFS Transportation	258	40 to 42
Persistent Sys.	310	135 to 140
Shree Ganesh Jewellery	260	2 to 3
Infrasoft Technology	137 to 145	55 to 57
Goenka Diamond & Jewellery	135 to 145	Discount

Market may remain volatile

The market may remain volatile on mixed Asian stocks after US stocks closed slightly lower on Thursday, 25 March 2010. The food prices eased for the third straight week in mid-March while fuel inflation remained steady, but the Reserve Bank is still seen raising rates the second time in as many months in April. The Reserve Bank of India (RBI) surprised markets with a 25 basis point hike in its key lending rate last week to tame headline inflation that is near 10% and warned of a build up in demand-side pressures on the economy.

Data on Thursday showed the fuel price index rose 12.68% in the year to 13 March 2010, flat on the week. The government had raised motor fuel prices in late February.

The food price index rose an annual 16.22% in the year to 13 March 2010, lower than the previous week's reading of 16.30%. The primary articles index was up 13.88% for the latest period, compared with 14.16% in the previous week.

After the most recent rate hike, analysts are betting the RBI will raise rates to a slightly higher level this year than earlier expected. Most now see rates being raised by a total of 100 basis points by the end of 2010.

The Reserve Bank of India (RBI) said on Thursday it was imperative to curb inflationary pressures fuelled by increased capacity utilisation and rising energy and commodity prices.

Earlier on Thursday, a document from the country's top policy panel said India should aim for an average 5% inflation and this was a target "quite within the realm of possibilities".

A week after the RBI unexpectedly lifted its key rates, it said food prices were moderating but were still high and the pace of inflation in non-food manufactured goods was accelerating.

Coming back to stocks, encouraging Q4 March 2010 advance tax figures of top Indian firms, indicating good Q4 March 2010 results, boosted equities over the past few days. The market 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.

The stock market gave a thumbs up to 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 growth of about 8% and inflation of about 4.5% for 2010-2011. Global credit rating agency Standard & Poor's, last week, revised the outlook on India to stable from negative due to improved government finances.

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.

Asian markets were mixed Friday after renewed worries about Greece's debt problems led to a disappointing finish on Wall Street. The key benchmark indices in China and Hong Kong fell by between 1.12% to 1.23%. But, the key benchmark indices in Singapore and Japan arose by between 0.4% to 0.7%.

Deflation continued in Japan as February consumer prices released Friday showed a decline for the 12th straight month in February. Core CPI, which excludes fresh food, dropped 1.2%from a year earlier.

Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.

US markets ended slightly lower on strength in dollar volume on Thursday, 25 March 2010. The Dow Jones rose 5.06 points or 0.05% to 10,841.21. The Nasdaq declined 1.35 points or 0.06% to 2,397.41 and the S&P 500 fell 1.99 points or 0.17% to 1,165.73. In economic news, initial jobless claims for the week ended 20 March 2010 totaled 442,000, which was a bit less than the expected total of 450,000 and down 14,000 from the prior week. Continuing claims came in at 4.65 million down roughly 54,000.

Close home, the key benchmark indices reversed intraday losses and surged to fresh intraday highs in late trade on Thursday, 25 March 2010 tracking higher European stocks and gains in US index futures. The BSE 30-share Sensex rose 107.83 points or 0.62% to 17568.85 on that day.

As per provisional figures on NSE, foreign funds bought shares worth Rs 653.22 crore and domestic funds sold shares worth Rs 156.19 crore on Thursday.

Daily call - March 26 2010

US markets gave away all the intraday gains in the second half of the trading session to close almost flat. Dow ended with just 5 point gains, off 114 points from the highest point of the day. Dow surged nearly 1% intraday as Bernake reiterated the need to keep interest rates for extended period. This added to the bullish sentiment already in play over corporate earnings and fourth consecutive decline in weekly-jobless claims. But a surge in dollar spoiled the party, sending the equities and commodities lower. Dollar index surged past 82 to scale a high of 82.17.



Our markets ended the final day of the March derivative series with flourish on the back of last hour short covering. Nifty surged 35 points to finish at 5260. For the March series, both the benchmark indices put on a whopping 8%. Technically, markets are on a strong footing. If Nifty is able to sustain above 5270 then crossing of January high of 5310 should not be a difficult task and the benchmark can go all the way to 5350. 5187 continues to be immediate support.

Markets heads to Flat opening

Headlines for the day

Patel Engg bags $1 bn Mauritius project

Tata Motors to sell 20% in Telcon to Hitachi

GMR Energy to raise Rs1,600 crore

Events for the day

Major corporate action

Goenka Diamond & Jewels IPO closes today
Intrasoft Technologies IPO closes today
Ex-date for Bonus Issue of Poly Medicure in the ratio of 1:1
For more Events, log on to Sharekhan.com
Results: Pfizer

Pre-market report

Global signals

The European equities ended at their highest level in nearly 18 months on Thursday, boosted by banking shares, as hopes for a solution for Greece's fiscal problems and soothing U.S. economic figures improved sentiment.

The U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.

In today's trade, all the Asian indices are trading in red zone, except Nikkei that rose 0.7% and hit a two-month high. At the time of writing this report, SGX Nifty was trading 11 point lower.

Indian markets

The Indian indices are likely to open flat to negative note on back of mixed global cues. As the Nifty has touched a crucial level of 5250, it is expected to sustain the level. The Indian equities are likely to remain in range-bound as now that the expiry of the derivatives contracts for the March series is out of the way.

Commodity cues

In the commodity space, the Crude oil prices reported loss for the second day in a row, with the Nymex light crude oil for the April series declined by $0.08 per barrel, whereas in the metals space, the Comex Gold for the April series rose by $4.10 and the Comex Silver for the May series was up by $0.10 to a troy ounce respectively.

Daily trend of FII/MF investment in equities

The foreign institutional investors (FIIs) were the net buyers for the whole week. On March 25, 2010, FIIs were the net buyers of the Indian stocks to the tune of Rs485.50 crore, whereas the domestic mutual funds, on March 22, 2010, were the net sellers of the stocks to the tune of Rs359.50 crore.