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Monday, March 29, 2010
Grey Market Premiums - March 29 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) |
| DQ Entertainment (Inter.) | 80 | 60 to 65 | -- |
| Pradip Overseas | 110 | 15 to 18 | -- |
| ILFS Transportation | 258 | 40 to 45 | -- |
| Persistent Sys. | 310 | 150 to 155 | -- |
| Shree Ganesh Jewellery | 260 | AT PAR | -- |
| Infrasoft Technology | 137 to 145 | 25 to 30 | -- |
| Goenka Diamond & Jewellery | 135 to 145 | Discount | 2000 to 2100 |
Market at two-year high
Today's major news
Expanded index of industrial production (IIP) basket from April data
Larsen & Toubro bags Rs1,400-crore order; the stock surges 1.43%
Soros and Kaiser in race to buy 4% stake in BSE
Click here for more stories
Global signals
Mining and banking stocks pushed European market higher today. As of writing, FTSE 100 was up by 0.17%.
Asian indices had a mixed outing—Shanghai Composite, Straits Times and Hang Seng closed higher while Jakarta Composite, Kospi and Nikkei posted losses.
US stock futures point to a higher start for Wall Street. Investors are looking forward to data related to February personal income and consumption that will be declared later in the day.
Indian indices
Indian markets rose to their highest level since February 2008 on firm global markets and buying in consumer durables and fast moving consumer durables.
On firm global leads, Sensex opened almost flat, merely 6 points lower, but soon turned positive to touch the day’s as well as two-year’s high of 17793. Nifty also touched its two-year high of 5329 in afternoon trades. However, some of these gains were trimmed towards the close with the Sensex quoting at 17711, 67 points higher at finishing line. The Nifty closed the session 21 points higher at 5303.
Market sentiment
Despite trading green all through the day and the indices hitting their two-year high trailing stocks outnumbered advancing scrips. Around 62% of stocks on the BSE trailed vis-a-vis 34% advancing. Around 2% scrips traded unchanged.
Sectoral & stock screening
Information technology (IT), Tech and public sector unit (PSU) were the three sectors that were down—BSE IT 1.74%, BSE TECk 1.33% and BSE PSU .01%. Consumer durables (CD) index was up by 1.97% — the most for any sector —followed by fast moving consumer goods (FMCG) counter that advanced 1.05%. Other sectors were up less than a percent.
LIC Housing Finance was the star stock of the day, up by 8.57%, followed by Glenmark Pharma that was up by 5.19% and Nestle India up 4.91%. On losers’ list, NMDC was down by 4.56%, followed by Torrent Power that fell 4.02% and Punj Lloyd that shed 3.86%.
Viewing volumes
Ispat Industries was the most actively traded share with over 0.57 crore shares changing hands on the BSE followed by public sector undertaking NMDC (0.41 crore shares), India’s second largest realty major Unitech (0.35 crore shares), wind turbine maker Suzlon Energy (0.34 crore shares) and Industrial finance company IFCI (0.32 crore shares).
BSE Bulk Deals to Watch - March 29 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/3/2010 505216 Alfred Herbert SANTOSH GUPTA B 8000 161.50
29/3/2010 505216 Alfred Herbert AVINASH PALIWAL B 8002 168.50
29/3/2010 505216 Alfred Herbert PUJA PIYUSHKUMAR BHANSALI B 5000 169.15
29/3/2010 505216 Alfred Herbert PUJA PIYUSHKUMAR BHANSALI S 5000 153.25
29/3/2010 505216 Alfred Herbert AVINASH PALIWAL S 8002 161.50
29/3/2010 505216 Alfred Herbert SANTOSH GUPTA S 8000 168.50
29/3/2010 532166 Alka Securities HARSHVARDHAN JAIN B 564550 5.44
29/3/2010 531978 Ambika Cotton DHAVAL AMRISH SHAH B 40000 169.77
29/3/2010 531978 Ambika Cotton DHAVAL AMRISH SHAH S 40000 167.61
29/3/2010 531761 Amulya Leas TARINI ENTERPRISES PRIVATE LIMITED B 692500 11.07
29/3/2010 531761 Amulya Leas KINSFOLK INDUSTRIES PRIVATE LIMITED S 694600 11.07
29/3/2010 519383 Anik Inds ANJALI CREDIT PVT LTD B 167500 56.75
29/3/2010 519383 Anik Inds AASHKA HOLDINGS PRIVATE LIMITED S 150000 56.67
29/3/2010 532995 Avon Corp PANKAJPRATAP SINH SARAIYA B 400000 6.60
29/3/2010 532989 Bafna Pharma MAHENDRAKUMAR SANGEETHA S 100000 39.90
29/3/2010 531591 Bampsl Sec NARENDRA KUMAR AGRAWAL B 400000 1.71
29/3/2010 531591 Bampsl Sec DINA NATH NARENDRA KUMAR HUF B 1035000 1.73
29/3/2010 531591 Bampsl Sec NEHA KHANDELWAL B 600000 1.69
29/3/2010 531591 Bampsl Sec ANJU GUPTA B 500000 1.85
29/3/2010 531591 Bampsl Sec KAUSHALYA GARG B 600000 1.78
29/3/2010 531591 Bampsl Sec KAUSHALYA GARG S 1000000 1.69
29/3/2010 531591 Bampsl Sec PRAKASHCHAND GUPTA S 600000 1.83
29/3/2010 531591 Bampsl Sec NEHA KHANDELWAL S 1600000 1.73
29/3/2010 532674 Bannari Amman Spg LOPASAUMIL BHAVNAGARI B 79500 99.89
29/3/2010 532674 Bannari Amman Spg LOPASAUMIL BHAVNAGARI S 79500 95.05
29/3/2010 500045 Bellary Steels JMP SECURITIES PVT LTD B 3355176 4.53
29/3/2010 500045 Bellary Steels JMP SECURITIES PVT LTD S 1384988 4.53
29/3/2010 511607 Birla Shloka SARSWATI VINCOM LTD B 92000 68.50
29/3/2010 531420 BMB Music JASVINDER SINGH S 37900 18.85
29/3/2010 531682 Cat Tech CHERRY COSMETICS PVT LTD B 850000 11.50
29/3/2010 500083 Century Extr MAHIPAT IWDARMAL MEHTA S 685186 10.32
29/3/2010 532413 Cerebra Integ SUKANYA NAGESH PATIL B 100000 16.37
29/3/2010 532413 Cerebra Integ aarrkays energy systems pvt ltd S 84360 16.73
29/3/2010 531337 Channel Guide KAUSHAL INDRAVADAN MEHTA B 31000 13.00
29/3/2010 531337 Channel Guide AMIT DINESH SHAH B 37500 12.49
29/3/2010 531337 Channel Guide M.A.N.INDUSTRIES B 50000 12.47
29/3/2010 531337 Channel Guide PAPILLON TRADING PVT LTD. S 44000 11.90
29/3/2010 531337 Channel Guide AMIT DINESH SHAH S 37500 12.01
29/3/2010 531337 Channel Guide KAUSHAL INDRAVADAN MEHTA S 31000 11.78
29/3/2010 531337 Channel Guide RAJENDRA SHARAD KARNIK S 50000 13.00
29/3/2010 531337 Channel Guide NANDKISHOR TEKRIWAL MANOJ S 50000 12.47
29/3/2010 533026 Chemcel Bio REKHA BHANDARI B 400001 8.77
29/3/2010 533026 Chemcel Bio NARENDRA PANWAR B 150000 8.49
29/3/2010 533026 Chemcel Bio ASHOK KUMAR B 267456 8.80
29/3/2010 533026 Chemcel Bio ACME FURNITURE PRIVATE LIMITE S 896404 8.66
29/3/2010 531358 Choice Intl ACHALA ELECTRICALS PRIVATE LIMITED S 33237 144.29
29/3/2010 505052 Clutch Auto NEELAM LEFIN LIMITED B 101000 63.15
29/3/2010 505052 Clutch Auto PAN EMAMI COSMED PVT LTD S 101000 63.15
29/3/2010 524388 Crazy Infotech SONATA SOLUTIONS PVT. LTD. B 1201926 1.24
29/3/2010 524388 Crazy Infotech ANANTPRAKASHKABRA S 1100000 1.24
29/3/2010 532392 Creative Eye PRAGNESH JAGDISHBHAI PATEL B 202828 9.89
29/3/2010 532392 Creative Eye PRAGNESH JAGDISHBHAI PATEL S 250515 9.64
29/3/2010 533176 DQ ENT KALASH SHARES AND SECURITIES PVT. LTD. B 923255 115.96
29/3/2010 533176 DQ ENT GENUINE STOCK BROKERS PVT. LTD. B 1182563 115.05
29/3/2010 533176 DQ ENT H J SECURITIES PVT LTD B 636456 116.33
29/3/2010 533176 DQ ENT Naman Securities & Finance Pvt. Ltd. B 740834 114.77
29/3/2010 533176 DQ ENT TRIPTI SINGHVI B 449858 111.84
29/3/2010 533176 DQ ENT TRIPTI SINGHVI S 449858 112.37
29/3/2010 533176 DQ ENT Naman Securities & Finance Pvt. Ltd. S 740434 114.86
29/3/2010 533176 DQ ENT H J SECURITIES PVT LTD S 636456 116.45
29/3/2010 533176 DQ ENT KALASH SHARES AND SECURITIES PVT. LTD. S 923255 116.13
29/3/2010 533176 DQ ENT GENUINE STOCK BROKERS PVT. LTD. S 1182563 115.17
29/3/2010 512369 Ennore Coke VIVRO CAPITAL ADVISORS PVT LTD B 112500 87.01
29/3/2010 512369 Ennore Coke VIVRO FINANCIAL SERVICES PVT LTD S 182500 87.28
29/3/2010 523576 Flawless Diam JALAK KAMAL JAIN B 1001885 2.72
29/3/2010 523576 Flawless Diam ABHISHEK B JAIN B 1001000 2.77
29/3/2010 523576 Flawless Diam SUNITAK JAIN B 1002000 2.72
29/3/2010 523576 Flawless Diam SUNITAA JAIN B 1005000 2.72
29/3/2010 523576 Flawless Diam MALLIB JAIN B 1000000 2.72
29/3/2010 523576 Flawless Diam KAMAL U JAIN B 1000000 2.77
29/3/2010 523576 Flawless Diam SANJAYKUMAR KIMTEE S 3041977 2.75
29/3/2010 523576 Flawless Diam RAVINDRA SAMPATLAL KIMTEE S 3530000 2.73
29/3/2010 531739 Gennex Lab ROOPSHRI FINVEST PVT LTD B 2127000 1.61
29/3/2010 531739 Gennex Lab ROOPA SHRENIK SHAH S 2095000 1.61
29/3/2010 531904 Globus Corp SAAKSHI SHARES PVT LTD B 340206 1.11
29/3/2010 532857 Glory Polyfilms BHAVISH DHIRAJLAL KHAKHKHAR B 151782 23.36
29/3/2010 532857 Glory Polyfilms ROSY DEAL COMM PVT LTD B 128179 22.70
29/3/2010 532857 Glory Polyfilms BHAVISH DHIRAJLAL KHAKHKHAR S 151782 22.86
29/3/2010 530317 Godavari Drugs SUSHMA KAKANI B 50000 5.85
29/3/2010 530317 Godavari Drugs SURESH CHANDRA LAHOTI S 50000 5.85
29/3/2010 508918 Greycells Edu JAROLI VINCOM PVT LTD B 70500 53.00
29/3/2010 508918 Greycells Edu KBS TRADING PVT LTD S 70500 53.00
29/3/2010 513059 GS Auto PRASHANT MAHADEV KAMBLE B 92990 44.48
29/3/2010 513059 GS Auto PRASHANT MAHADEV KAMBLE B 43837 44.37
29/3/2010 513059 GS Auto SECUROCROP SECURITIES INDIA PRIVATE LIMTED S 86318 44.50
29/3/2010 532951 GSS America XITIJINVESTMENTS B 150000 302.00
29/3/2010 532951 GSS America DHANANJAYA MONEY MANAGEMENT SERVICES PVT LTD S 150000 302.00
29/3/2010 511116 HFCL Infotel PR VYAPAAR PRIVATE LIMITED B 4857444 6.45
29/3/2010 511116 HFCL Infotel BENKO TRADERS PVT LTD S 6480000 6.41
29/3/2010 511682 IFL Promoters OMPARKASH GUPTA B 20000 11.30
29/3/2010 511682 IFL Promoters SHIVCHARAN DASS MITTAL B 40000 11.25
29/3/2010 511682 IFL Promoters DMC INTERNATIONAL LIMITED S 21900 11.45
29/3/2010 511682 IFL Promoters SUMAN GUPTA S 30650 11.62
29/3/2010 511682 IFL Promoters OMPARKASH GUPTA S 20500 11.26
29/3/2010 531025 Inca Finlease ADVANCE INDIA SECURITIES (PRO-ANUJ GARG) B 20000 104.60
29/3/2010 531025 Inca Finlease RASHEL AGROTECH S 50983 100.41
29/3/2010 531025 Inca Finlease LEAD FINANCIAL SERVICES LIMITED S 24448 104.96
29/3/2010 522059 Indage Vintners SAL REAL ESTATE PRIVATE LIMITED B 100000 33.04
29/3/2010 532072 Interworld Dig DJ CHATURVEDI HUF B 380000 3.23
29/3/2010 532072 Interworld Dig PRITI JAYESH SHAH S 422500 3.23
29/3/2010 532342 IT People IT PEOPLE PRIVATE LIMITED B 2200000 6.47
29/3/2010 522183 ITL Inds SONIA GULATI B 16500 63.30
29/3/2010 522183 ITL Inds GIRISH GULATI S 16500 63.30
29/3/2010 524731 Jenburkt Pharma RUPAL NILESH KABARE B 45000 55.06
29/3/2010 524731 Jenburkt Pharma PUSHPA BALKRISHNA KABARE B 45000 56.14
29/3/2010 524731 Jenburkt Pharma RISHI KAJARIA S 47720 55.64
29/3/2010 506522 JL Morison SURYA KANT DALMIA B 36108 404.11
29/3/2010 506522 JL Morison RATNABALI CAPITAL MARKETS LIMITED S 31000 403.61
29/3/2010 530547 KEN Fin Serv MANISHA SANJAY AGRAWAL B 50000 50.50
29/3/2010 530547 KEN Fin Serv CHIMANLAL JAIGOPAL SHAH B 50000 50.50
29/3/2010 530547 KEN Fin Serv SANJAY CHIMANLAL AGRAWAL B 50000 50.50
29/3/2010 530547 KEN Fin Serv MALSHEJ TRADING PRIVATE LIMITED S 50000 50.50
29/3/2010 530547 KEN Fin Serv NAWAL DEVIDUTT BANSAL S 25000 50.50
29/3/2010 530547 KEN Fin Serv SODANI RAMANUJ S 20000 50.50
29/3/2010 530547 KEN Fin Serv NAROTTAM BAGARIA S 15000 50.50
29/3/2010 530547 KEN Fin Serv NARENDRAKUMAR CHOUDHARY S 21000 50.50
29/3/2010 512349 Linkhouse Inds NANDKUMAR KHATTUMAL HARCHANDANI B 874287 3.78
29/3/2010 509011 Livingroom Life BANOOBAIT NAGREE S 26550 33.45
29/3/2010 509011 Livingroom Life TURA BALICADERBHAI NAGREE S 26550 33.45
29/3/2010 507912 LKP Fin PADMAKSHI FINANCIAL SERVICES LIMITED B 67006 123.85
29/3/2010 507912 LKP Fin PADMAKSHI COMMODITIES PVT LTD S 64636 123.90
29/3/2010 524232 Maharashtra Poly SHYAM STOCK FINANCIERS PVT LTD S 121524 104.49
29/3/2010 517467 Marsons ARYAVART SAVINGS UNIT LTD B 115000 17.51
29/3/2010 517467 Marsons ARYAVRAT FINANCIAL SERVICES LTD S 115000 17.51
29/3/2010 532724 Mounteverest Trd SHRI ARYAVRAT TRADING CO LTD S 8995 150.68
29/3/2010 504112 NELCO OPG SECURITIES P LTD B 186762 145.98
29/3/2010 504112 NELCO SANJAY SINGHAL & SONS (HUF) B 124940 146.38
29/3/2010 504112 NELCO SMART EQUITY BROKERS PRIVATE LIMITED B 117119 146.41
29/3/2010 504112 NELCO SMART EQUITY BROKERS PRIVATE LIMITED S 117119 146.63
29/3/2010 504112 NELCO OPG SECURITIES P LTD S 186762 145.96
29/3/2010 504112 NELCO SANJAY SINGHAL & SONS (HUF) S 124940 146.49
29/3/2010 511523 Niyati Inds VEENABEN PRAKASHBHAI SHAH S 268531 0.63
29/3/2010 531465 Nouveau Multi DESTINY SECURITIES LTD. B 116000 70.40
29/3/2010 531465 Nouveau Multi TILOTTAMA HOLDINGS PVT.LTD S 93098 70.40
29/3/2010 531496 Omkar Overseas FALGUNIBEN MAHAVIRBHAI GOHIL B 35300 70.51
29/3/2010 531496 Omkar Overseas ZADKO DISTRIBUTORS PVT. LTD S 25000 66.48
29/3/2010 512097 Oregon Comm JIGESH AMRUTLAL HIRANI B 5000 204.25
29/3/2010 512097 Oregon Comm ASHLESH GUNVANTBHAI SHAH B 7425 204.25
29/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED B 8400 204.74
29/3/2010 512097 Oregon Comm NIMAI AGENCIES PRIVATE LIMITED S 11300 200.35
29/3/2010 512097 Oregon Comm NIRMALA MAHIPAL S 7111 208.51
29/3/2010 512097 Oregon Comm KRUPA SANJAY SONI S 13662 205.58
29/3/2010 523307 Panasonic Home AMIT GUPTA HUF B 54000 138.60
29/3/2010 523307 Panasonic Home R P GUPTA HUF S 54000 138.60
29/3/2010 531726 Panchsheel Org RAJESH ABHAYCHAND TURAKHIA B 37000 17.05
29/3/2010 531726 Panchsheel Org HIRAL CHANDRAKANT SHAH S 34770 17.05
29/3/2010 530071 Parsoli Corp ASHIKA SHARE TRADING PRIVATE LIMITED B 165000 35.19
29/3/2010 524570 Poddar Pigm JAI MAA VINIMAY PRIVATE LIMITED B 200000 37.84
29/3/2010 524570 Poddar Pigm CRADLE FINANCE AND INVESTMENT PVT LTD S 200000 37.83
29/3/2010 532486 Pokarna A.K. SERVICES PRIVATE LIMITED B 43000 80.93
29/3/2010 532486 Pokarna GOODWILL CAPITAL SERVICES PRIVATE LIMITED S 43000 80.93
29/3/2010 531688 Prithvi Soft MEENA CHANDAK B 50000 17.75
29/3/2010 531688 Prithvi Soft SUGAL & DAMANI PRO ACCOUNT S 49195 17.77
29/3/2010 503873 Priyadarshini Spn HARISH C B 200000 18.91
29/3/2010 503873 Priyadarshini Spn JAG PAR SECURITIES LTD S 134000 18.90
29/3/2010 532665 Rajvir Inds DUNGARPUR CAPITAL SERVICES PVT LTD B 32000 88.05
29/3/2010 532665 Rajvir Inds ABHISHEK FINCAP SERVICES PRIVATE LIMITED S 32000 88.05
29/3/2010 511652 Ram Kaashyap TRUPTI ARUNMAN DAVIYA B 50000 12.36
29/3/2010 511652 Ram Kaashyap BAKUL RAMNIKLAL PAREKH S 50000 12.36
29/3/2010 532661 Rane Madras TMT VINIYOGAN LIMITED B 150000 82.15
29/3/2010 532661 Rane Madras PAN EMAMI COSMED PVT LTD S 150000 82.15
29/3/2010 590077 Ranklin Sol SATYANARAYANA VARAPRASAD GARIKIPATY B 34716 55.94
29/3/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 52749 89.67
29/3/2010 512359 Rotam Comm J M SONI CONSULTANCY B 9371 136.18
29/3/2010 512359 Rotam Comm BHARGAVA NAGENDRA PRAKASH S 5236 137.69
29/3/2010 500368 Ruchi Soya NAVRATAN CAPITAL & SECURITIES PVT. LTD. B 2988302 90.50
29/3/2010 500368 Ruchi Soya WELSPUN TRADING PVT LTD S 2991377 90.50
29/3/2010 531901 SAARC Net MANISH DEVENDRA RATHI B 400000 1.12
29/3/2010 506172 Sampada Chem HIMANSHU P SHETH B 32500 71.25
29/3/2010 506172 Sampada Chem RAJENDRA SHREEKRISHAN SOMANI S 37500 71.99
29/3/2010 533056 SARK SYS MVM SECURITIES PVT LTD B 240903 20.50
29/3/2010 533056 SARK SYS A LEELAVATHI S 77500 20.42
29/3/2010 533056 SARK SYS GADIYARAM SREEDHAR S 100000 20.43
29/3/2010 533056 SARK SYS SANKAR SEN S 56809 20.42
29/3/2010 533056 SARK SYS TANMOY GANGULY S 121068 19.05
29/3/2010 533056 SARK SYS SOUTH ASIAN REGIONAL APEX FUND S 100000 20.50
29/3/2010 532993 Sejal Arch PUSHKAR BANIJYA LIMITED B 200000 77.00
29/3/2010 532993 Sejal Arch SARSWATI VINCOM LTD S 199994 77.00
29/3/2010 531431 Shakti Pumps GUNNY CHEM TEX INDIA LTD B 174996 171.60
29/3/2010 531431 Shakti Pumps TECK CONSULTANCY AND SERVICES PVT LTD B 100000 171.60
29/3/2010 531431 Shakti Pumps TECK CONSULTANCY AND SERVICES PRIVATE LIMITED B 100000 171.60
29/3/2010 531431 Shakti Pumps SUBHKAM VENTURES (I) PRIVATE LIMITED S 375000 171.60
29/3/2010 531240 Shamrock Indl RAJASEKHAR GUTTIKONDA B 30916 3.35
29/3/2010 532323 Shiva Cement SPLENDOR AGENTS LTD. B 700000 9.48
29/3/2010 532323 Shiva Cement PADMAVATI ISPAT AND MINERALS PRIVATE LIMITED S 1250000 9.25
29/3/2010 531693 Shri Ganesh Spi SANJAY PAHARIYA B 400000 11.69
29/3/2010 531693 Shri Ganesh Spi CHANDRAKANT B SHAH B 479950 11.65
29/3/2010 531693 Shri Ganesh Spi ASHIKA SHARE TRADING PRIVATE LIMITED S 700000 11.66
29/3/2010 526479 SKY Inds VIJAYJAMNADAS VORA B 32050 87.21
29/3/2010 526479 SKY Inds MOTHER INDIA SECURITIES PVT LTD B 31000 96.00
29/3/2010 526479 SKY Inds JASHWANT P MAKWANA HUF S 69550 87.11
29/3/2010 526479 SKY Inds VIJAYJAMNADAS VORA S 32050 95.78
29/3/2010 513699 Solid Stone JAROLI VINCOM PVT LTD B 75000 52.00
29/3/2010 513699 Solid Stone KANODIA STOCK BROKING (P) LTD S 75000 52.00
29/3/2010 517214 Spice Mobiles VIJAY KUMAR AGGARWAL B 400000 38.27
29/3/2010 517214 Spice Mobiles DELHI IRON AND STEEL COMPANY PRIVATE LIMITED S 391772 38.25
29/3/2010 530177 SPS Intl SHIV KUMAR GOEL S 19968 4.75
29/3/2010 590037 Steel Exchange HIREN KIRIT GANDHI B 90000 42.05
29/3/2010 531841 Subuthi Finance FULLBLOOM INVESTMENT PVT LTD B 90000 100.98
29/3/2010 531841 Subuthi Finance BALA VENCKAT KUTTI S 90000 100.98
29/3/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI B 541265 2.81
29/3/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI S 551506 2.82
29/3/2010 533157 SYNCOM HEAL AUM SECURITIES PVT. LTD B 87500 129.31
29/3/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. B 412260 126.78
29/3/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. B 181245 126.36
29/3/2010 533157 SYNCOM HEAL SMART EQUITY BROKERS PRIVATE LIMITED B 432366 127.24
29/3/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED B 200643 126.95
29/3/2010 533157 SYNCOM HEAL ZANKAR SINHKISHOREBHAI SOLANKI B 168395 125.09
29/3/2010 533157 SYNCOM HEAL FRONTIER TRADES PRIVATE LIMITED B 306706 121.56
29/3/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD B 131358 127.74
29/3/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. B 194237 125.72
29/3/2010 533157 SYNCOM HEAL CHANDARANA INTERMIDIARY BROKERS PVT LTD B 92903 126.48
29/3/2010 533157 SYNCOM HEAL SANJAY SINGHAL & SONS (HUF) B 126171 127.72
29/3/2010 533157 SYNCOM HEAL MEGHA SOMANI B 100000 122.24
29/3/2010 533157 SYNCOM HEAL DHAVAL AMRISH SHAH B 125000 125.43
29/3/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED B 183044 127.02
29/3/2010 533157 SYNCOM HEAL EL DORADO BIOPTECH PVT.LTD B 125000 129.97
29/3/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PRIVATE LIMITED B 118642 126.10
29/3/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PRIVATE LIMITED S 118642 125.92
29/3/2010 533157 SYNCOM HEAL MANANBHAI AJAYBHAI SHAH S 162281 121.00
29/3/2010 533157 SYNCOM HEAL ALIN AJAY KUMAR SHAH S 131000 122.00
29/3/2010 533157 SYNCOM HEAL R M SHARES TRADING PRIVATE LIMITED S 183044 126.97
29/3/2010 533157 SYNCOM HEAL MEGHA SOMANI S 100000 125.02
29/3/2010 533157 SYNCOM HEAL DHAVAL AMRISH SHAH S 125000 122.86
29/3/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD S 131358 127.75
29/3/2010 533157 SYNCOM HEAL SANJAY SINGHAL & SONS (HUF) S 126171 127.59
29/3/2010 533157 SYNCOM HEAL MARWADI SHARES AND FINANCE LTD. S 194237 125.78
29/3/2010 533157 SYNCOM HEAL CHANDARANA INTERMIDIARY BROKERS PVT LTD S 92903 126.48
29/3/2010 533157 SYNCOM HEAL FRONTIER TRADES PRIVATE LIMITED S 306707 129.69
29/3/2010 533157 SYNCOM HEAL ZANKAR SINHKISHOREBHAI SOLANKI S 168395 130.00
29/3/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED S 200643 127.20
29/3/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. S 181245 126.45
29/3/2010 533157 SYNCOM HEAL SMART EQUITY BROKERS PRIVATE LIMITED S 432354 127.28
29/3/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. S 412260 126.73
29/3/2010 507205 Tilaknagar Inds AMITARUN DAHANUKAR S 203380 126.33
29/3/2010 532389 Valecha Engr KAUSHIK SHAH SHARES & SEC. LTD B 63411 164.30
29/3/2010 532389 Valecha Engr A K G STOCK BROKERS PRIVATE LIMITED B 62550 164.60
29/3/2010 532389 Valecha Engr MANSUKH SECURITIES & FINANCE LTD B 76479 164.05
29/3/2010 532389 Valecha Engr MANSUKH SECURITIES & FINANCE LTD S 76479 164.21
29/3/2010 532389 Valecha Engr A K G STOCK BROKERS PRIVATE LIMITED S 62550 164.29
29/3/2010 532389 Valecha Engr KAUSHIK SHAH SHARES & SEC. LTD S 72411 164.53
29/3/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN B 21401 29.56
29/3/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN S 21401 30.33
29/3/2010 530627 Vipul Dye Chem KHUSHALCHAND JIVRAJ SHAH B 40000 12.41
29/3/2010 530627 Vipul Dye Chem SHEELA RAJESH BAFNA S 38000 12.40
29/3/2010 520003 Vybra Automet VILAS VITTHAL VALUNJ B 139528 14.46
29/3/2010 520003 Vybra Automet INDEX EQUITIES PRIVATE LIMITED S 180000 14.45
29/3/2010 532053 Wallfort Fin MINDSET TECHNOLOGIES PRIVATE LIMITED B 144100 43.00
29/3/2010 532053 Wallfort Fin PRIYA PRADIP JAIN S 91000 43.00
29/3/2010 531249 Well Pack Papers REKHA BHANDARI B 550000 27.82
29/3/2010 531249 Well Pack Papers ADITI MAYANK GANDHI S 586468 27.10
29/3/2010 524758 Wintac SHRUTI HARDAT B 25000 35.10
29/3/2010 524758 Wintac VIJAYVARGIYA SECURITIES LTD B 25000 37.50
29/3/2010 524758 Wintac VIJAYVARGIYA SECURITIES LTD S 25000 35.10
29/3/2010 524758 Wintac SHRUTI HARDAT S 25000 37.50
29/3/2010 531396 Women Networks SANJU KABRA B 20000 25.17
29/3/2010 522108 Yuken India BABITA SHIVSWAROOP GUPTA B 15000 157.00
29/3/2010 522108 Yuken India SHIVSWAROOP JAGMOHANLAL GUPTA S 15000 157.00
* B - Buy, S - Sell
NSE Bulk Deals to Watch - March 29 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-MAR-2010,ANIKINDS,Anik Industries Limited,BRIGHT IMPEX & AGENCIES P LTD,BUY,187500,57.20,-
29-MAR-2010,CLNINDIA,Clariant Chemicals (I)Ltd,Gandiv Investment Pvt Ltd,BUY,194000,608.80,-
29-MAR-2010,CREATIVEYE,Creative Eye Ltd.,PATEL PRAGNESH JAGDISHBHAI,BUY,284137,10.02,-
29-MAR-2010,CREATIVEYE,Creative Eye Ltd.,SAMEER BABULAL MEHER,BUY,101574,9.56,-
29-MAR-2010,FCH,Future Capital Holdings L,MONEY MATTERS ADVISORY SERVICES LTD ,BUY,400000,183.75,-
29-MAR-2010,HANUNG,Hanung Toys and Textiles,AASHKA CONSTRUCTION PVT LTD,BUY,183838,216.80,-
29-MAR-2010,HARRMALAYA,Harrisons Malayalam Ltd,SPENCER AND COMPANY LIMITED,BUY,100595,136.27,-
29-MAR-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,6984437,19.11,-
29-MAR-2010,KARURVYSYA,Karur Vysya Bank Ltd,BOYANCE INFRASTRUCTURE PVT LTD,BUY,280000,455.00,-
29-MAR-2010,NOVOPANIND,Novopan Industries Ltd,ZINGER INVESTMENTS PRIVATE LIMITED,BUY,350000,37.01,-
29-MAR-2010,NOVOPANIND,Novopan Industries Ltd,ZINGER INVESTMENTS PRIVATE LIMITED,BUY,4085199,35.63,-
29-MAR-2010,SELMCL,SEL Manufacturing Company,SAFFRON FINANCE LIMITED,BUY,483217,62.43,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,209138,127.16,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,BUY,180352,123.40,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BABY. R,BUY,118847,128.14,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BP FINTRADE PRIVATE LIMITED,BUY,128415,122.54,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,C D INTEGRATED SERVICES LTD.,BUY,139568,125.98,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,138543,125.94,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ELDORADO BIOTECH PVT LTD,BUY,125000,129.92,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,FRONTIER TRADERS PRIVATE LIMITED,BUY,285155,122.79,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,703184,127.07,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,INDRESH VAGHJIBHAI SHAH,BUY,104241,125.96,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,BUY,124372,126.13,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,158845,126.26,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,250024,126.97,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,BUY,147165,126.61,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,BUY,133000,126.49,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,BUY,226338,127.07,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,190798,126.65,-
29-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,BUY,58130,95.05,-
29-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,BUY,68570,95.72,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,BUY,99021,165.96,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,DINESH MUNJAL(HUF),BUY,106154,164.29,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,MANSUKH SECURITIES & FINANCE LIMITED,BUY,114505,164.35,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,OM INVESTMENTS,BUY,158655,164.74,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,PLUTO FINANCIAL SERVICES LTD,BUY,153986,168.71,-
29-MAR-2010,ANIKINDS,Anik Industries Limited,AASHAKA HOLDINGS PRIVATE LIMITED,SELL,187500,57.20,-
29-MAR-2010,CLNINDIA,Clariant Chemicals (I)Ltd,Hardik Bharat Patel,SELL,193025,609.00,-
29-MAR-2010,CREATIVEYE,Creative Eye Ltd.,PATEL PRAGNESH JAGDISHBHAI,SELL,405353,9.75,-
29-MAR-2010,FCH,Future Capital Holdings L,REALTY CHECK PROPERTIES PRIVATE LIMITED ,SELL,400000,183.75,-
29-MAR-2010,HANUNG,Hanung Toys and Textiles,AASHKA CONSTRUCTION PVT LTD,SELL,160322,218.13,-
29-MAR-2010,HARRMALAYA,Harrisons Malayalam Ltd,SPENCER INTERNATIONAL HOTELS LIMITED,SELL,100000,136.28,-
29-MAR-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,6984437,19.08,-
29-MAR-2010,KARURVYSYA,Karur Vysya Bank Ltd,BRP STOCK BROKING SERVICES LIMITED,SELL,295000,454.96,-
29-MAR-2010,NOVOPANIND,Novopan Industries Ltd,CASPIAN CAPITAL & FINANCE LTD,SELL,3735199,35.50,-
29-MAR-2010,NOVOPANIND,Novopan Industries Ltd,PINAKINI SHARE & STOCK BROKERS LIMITED,SELL,350000,37.00,-
29-MAR-2010,SELMCL,SEL Manufacturing Company,EMERGING INDIA FOCUS FUNDS,SELL,326000,62.00,-
29-MAR-2010,SELMCL,SEL Manufacturing Company,SAFFRON FINANCE LIMITED,SELL,483217,62.79,-
29-MAR-2010,SGFL,Shree Ganesh Forgings Lim,ATUL A MEHTA,SELL,70525,9.28,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,209138,127.08,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,AIRAN FINSTOCKS PRIVATE LIMITED,SELL,180352,130.00,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,ALIN AJAYKUMAR SHAH,SELL,200000,122.00,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BABY. R,SELL,118847,126.97,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,BP FINTRADE PRIVATE LIMITED,SELL,128802,122.28,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,C D INTEGRATED SERVICES LTD.,SELL,139568,126.07,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,138543,126.02,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,FRONTIER TRADERS PRIVATE LIMITED,SELL,285155,129.66,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,703184,127.25,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,INDRESH VAGHJIBHAI SHAH,SELL,104241,130.00,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,LAXMI GOVIND KULKARNI,SELL,124372,127.50,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MANAN AJAYBHAI SHAH,SELL,175000,121.00,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,158845,126.42,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,250024,127.04,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,OM INVESTMENTS,SELL,147165,126.66,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R APPALA RAJU,SELL,133000,126.77,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,R.M. SHARE TRADING PVT LTD,SELL,226338,127.14,-
29-MAR-2010,SYNCOM,Syncom Healthcare Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,190798,126.62,-
29-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,OM INVESTMENTS,SELL,58130,95.10,-
29-MAR-2010,TEXMOPIPES,Texmo Pipe & Products Ltd,SUNEET LAL,SELL,68570,95.91,-
29-MAR-2010,THANGAMAYL,Thangamayil Jewellery Ltd,A V KRISHNAN,SELL,70000,75.36,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,SELL,101016,165.56,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,DINESH MUNJAL(HUF),SELL,106154,165.08,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,MANSUKH SECURITIES & FINANCE LIMITED,SELL,117505,164.32,-
29-MAR-2010,VALECHAENG,Valecha Engineering Limit,OM INVESTMENTS,SELL,158655,164.89,-
Market scales two-year high on firm global stocks
The key benchmark indices closed at their highest level in more than two years supported by strong global markets. Stocks rose for the fourth day in a row. However, the market breadth, indicting the overall health of the market was weak. The BSE 30-share Sensex rose 66.59 points or 0.38%, up close to 70 points from the day's low and off close to 65 points from the day's high. Banking, metal, consumer durables and auto stocks rose. But, Index heavyweight Reliance Industries (RIL) reversed early gains. IT stocks fell on a firm rupee.
NSE's volatility index, India VIX, surged for the second day in a row. The index rose 4.7% to 18.73. The index had risen almost 5% on Friday, 26 March 2010. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days. The lower the index, which is based the S&P CNX Nifty option prices, the higher the market's desire to take risk.
The market trimmed gains in morning trade after hitting its highest level in more than 2-1/2 months in early trade. It regained strength later. The Nifty hit a two-year high in afternoon trade as European stocks rose in early trade. Soon the Sensex followed suit, hitting a 2-year high. The market pared gains amid a bout of volatility later.
Foreign funds have made heavy purchases of Indian stocks this month, helping stocks register strong gains. The Sensex has jumped 1,457.15 points or 8.96% from a low of 16,254.20 on 25 February 2010. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 12716.71 crore this month, till 26 March 2010. Finance secretary Ashok Chawla said on Tuesday, 23 March 2010, that foreign capital flows into India are currently not posing any concern.
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 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.
Tokyo-based Research Institute for Global Change has predicted normal monsoon rains in India for the current year. Agriculture secretary Prabeer Kumar Basu had also told media in Delhi last week that the monsoon rains for the year will be normal. 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.
The government will sell Rs 2,87,000 crore ($64 billion) of bonds in the first half of 2010/11, 63% of its record full-year target, less than market expectations. On an average, Rs 11000-15000 crore of issuance would come to the market every week, Shyamala Gopinath, a deputy governor of the Reserve Bank of India (RBI), said after officials of the central bank and the finance ministry met to finalise the first-half borrowing schedule.
Gopinath said the Reserve Bank of India (RBI) would try to smoothly conduct the government's borrowing programme. The RBI will provide later in the day details on the size and the maturity of the bonds to be auctioned. The RBI has said managing the government's debt programme this year would be a challenge as last fiscal year's net debt supply was significantly lower than the net borrowing on account of a $13.6 billion buy-back of bonds by the central bank.
The headline inflation was near 10% in February, prompting the RBI to unexpectedly raise its key lending and borrowing rates by 25 basis points each on 19 March 2020. The Reserve Bank has said it is imperative to anchor inflationary expectations and analysts have forecast another rate hike during the policy review on 20 April 2010.
Meanwhile, the latest economic data showed infrastructure sector output grew 4.5% in February from a year earlier, lower than an upwardly revised annual growth of 9.5% in January. During April-February, the first 11 months of the 2009/10 fiscal year, output rose 5.3% from 2.9% a year ago. The infrastructure sector accounts for 26.7% of India's industrial output.
The headline inflation should peak in March with demand-side pressures likely having a short-term impact on prices, the central chief statistician Pronab Sen said on Friday.
Sen said that investments which had been deferred in the wake of the global financial crisis would pick up as Asia's third largest economy expands. He added that government data suggested investments have revived since December. On Thursday 25 March 2010, 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". The economy is expected to grow 7.2% in the current fiscal year and 8.5% in the next.
The stock market remains closed on Friday, 2 April 2010, on account of Good Friday.
European shares traded higher on Monday, with deal and dividend speculation boosting wireless-telecom firm Vodafone Group, and miners also advanced. The key benchmark indices in Germany, UK and France were up by 0.16% to 0.73%.
Euro-zone leaders unveiled a deal late Thursday 25 March 2010 in which Athens would receive coordinated bilateral loans from other euro-zone countries and the International Monetary Fund if it faced severe difficulties.
Asian stock markets were mostly higher Monday as stronger earnings from Chinese companies and a deal to provide Greece a financial safety net helped buoy sentiment. The key benchmark indices in Hong Kong, Singapore, and Taiwan rose by between 0.7% to 0.9%. But the key benchmark indices in South Korea, Indonesia and Japan fell by between 0.09% to 0.65%.
China's benchmark Shanghai Composite Index rose 2.09%, boosted by news Friday that the nation's top two exchanges will launch the trading of stock futures on 16 April 2010. The China Securities Regulatory Commission announced its approval for the long-awaited index futures on the Shanghai and Shenzhen bourses, according to news reports.
Japan's retail sales gained at the fastest pace in more than a decade in February as the economic recovery spread to households. Sales rose 4.2% from a year earlier, the Trade Ministry said in Tokyo, the biggest monthly jump since 1997.
Russia's central bank cut key rates by 25 basis points on Friday, and analysts forecast more easing to come as the economy remains sluggish and the currency still strong.
Trading in US index futures indicated that the Dow could gain 36 points at the opening bell on Monday, 29 March 2010.
The Dow and S&P ended flat on Friday 26 March 2010, giving back earlier gains. Weakness in tech shares kept the Nasdaq in slightly negative territory. Stocks initially rose after European Union leaders said they had agreed on a standby aid package for Greece, and after better-than-expected March consumer sentiment data. The Dow Jones Industrial Average rose 9.15 points, or 0.08%, to end at 10,850.36. The Standard & Poor's 500 Index inched up just 0.86 point, or 0.07%, to 1,166.59. But the Nasdaq Composite Index slipped 2.28 points, or 0.10%, to close at 2,395.13.
Earlier on Friday 26 March 2010, the Commerce Department said the gross domestic product expanded at an annual rate of 5.6% in the fourth quarter, instead of 5.9%, as it previously estimated and as analysts had been expecting.
Separately, the Thomson Reuters/University of Michigan's Surveys of Consumers consumer sentiment index came in at a final March reading of 73.6, above expectations, but unchanged from February.
The key economic data due this week is personal spending for February 2010. Economists expect a 0.3% increase, lower than a 0.5% rise in January 2010. On Thursday, 1 April 2010, the Institute of Supply Management will release its index on US manufacturing growth and the Labor Department's report on non-farm payroll employment is to follow Friday, 2 April 2010.
The Federal Reserve's unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials said on Friday.
World trade in merchandise goods is expected to rebound strongly this year as economic recovery takes hold, expanding by 9.5%, World Trade Organization Director-General Pascal Lamy said on Friday.
Close home, the BSE 30-share Sensex rose 66.59 points or 0.38% to 17,711.35, its highest closing since 28 February 2008. The Sensex rose 129.69 points at the day's high of 17,793.01 in afternoon trade. The barometer fell 5.58 points at the day's low of 17,639.18 in early trade.
The S&P CNX Nifty rose 20.85 points or 0.39% to 5302.85, its highest closing since 15 February 2008. It hit a high of 5,329.55 in afternoon trade. Nifty April 2010 futures were at 5,323, at a premium of 20.15 points over spot closing of 5,302.85. Turnover in NSE's futures & options (F&O) segment was Rs 57,047.03 crore, lower than Rs 57,814.27 crore on Friday, 26 March 2010.
The BSE Mid-Cap index rose 0.25%. The BSE Small-Cap index fell 0.44%. Both the indices underperformed the Sensex.
The BSE Consumer Durables index (up 1.97%), the BSE FMCG index (up 1.05%), the BSE Bankex (up 0.82%), the BSE Capital Goods index (up 0.68%), the BSE Realty index (up 0.61%), the BSE Auto index (up 0.56%), the BSE Metal index (up 0.39%), outperformed the Sensex.
The BSE IT index (down 1.74%), the BSE Teck index (down 1.33%), the BSE PSU index (down 0.01%), the BSE Oil & Gas index (up 0.06%), the BSE Power index (up 0.12%), the BSE HealthCare index (up 0.13%), underperformed the Sensex.
BSE clocked a turnover of Rs 4104 crore, lower compared to Rs 4653.52 crore on Friday, 26 March 2010.
The market breadth, indicating overall health of the market was weak. On BSE, 1031 shares advanced as compared with 1852 that declined. A total of 78 shares remained unchanged. The breadth was strong at the onset of the trading session.
From the 30 Sensex shares, 20 stocks rose and the rest fell.
Index heavyweight Reliance Industries (RIL) fell 0.47% on profit taking. 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.
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.
India's largest FMCG maker by sales Hindustan Unilever rose 0.8% after the company sold remaining 49% in Capgemini Business Services (India) to Cap Gemini S.A.
Among other FMCG stocks, United Spirits, Tata Tea, ITC, Nestle India rose by between 0.08% to 4.91%.
India's largest drug maker by sales Ranbaxy Laboratories rose 1.11%, after the company signed a pact with Pfenex of US for developing a biosimilar therapeutic protein.
Among other healthcares tocks, Aurobido Pharma, Lupin, Sun Pharmaceutical Industries and Glenmark Pharmaceuticals rose by between 0.01% to 5.19%.
Consumer durables stocks rose on hopes increase in disposable incomes following changes in personal income tax slabs in the Budget could boost consumption. Blue Star, Rajesh Exports, Titan Industries and Gitanjali Gems rose by between 0.74% to 6.26%.
Rate sensitive banking stocks rose as the government will sell Rs 2,87,000 crore ($64 billion) of bonds in the first half of 2010/11, 63% of its record full-year target, less than market expectations. Lower supply of paper will prop up bond prices, which is beneficial to the bond portfolios of banks, as they rely on profits from appreciation of securities. India's largest private sector bank by net profit HDFC Bank rose 0.86%, gaining for the straight fifth day. It hit all-time high of Rs 1986 today. India's largest bank by net profit and branch network State Bank of India (SBI) rose 1.05%, extending Friday's gains.
India's largest private sector bank by net profit ICICI Bank rose 0.562% reversing early losses. The bank's Q3 advance tax payment surged to Rs 350 crore versus Rs 250 crore a year ago.
As per 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.
Most Auto stocks rose on expectations of good Q4 results. India's largest tractor maker by sales Mahindra & Mahindra (M&M) was settled at Rs 553.35 after a 2-for-1 stock split was effected in the counter. M&M is reportedly likely to freeze investments in its troubled joint venture with Renault, ceding a majority stake and management control to the French company. Meanwhile, M&M 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 1.93%, extending Friday's 1.76% gains 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 0.4%, gaining for the straight third day. The company said last week 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.
India's largest bike maker by sales Hero Honda Motors was flat. The company said recently that a meeting of company's board of directors will be held on 30 March 2010 to consider the declaration of special interim dividend.
But, Tata Motors fell 1.33% on profit taking after Friday's 3.36% gains 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.
Earlier, the stock had fallen 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.
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.
IT stocks fell as the rupee strengthened to its highest level in nearly 19 months on Monday as the dollar's broad drop against major currencies and gains in the domestic sharemarket boosted sentiment. India's largest software services exporter by sales Tata Consultancy Services (TCS) fell 1.7%, extending Friday's losses. The company said recently it signed a five year contract with Malaysia Airlines for providing end-to-end information technology infrastructure services.
India's second largest software services exporter by sales Infosys fell 2.23%, extending Friday's losses. Infosys' fourth quarter advance tax payment doubled. But, India's third largest software services exporter by sales Wipro fell 0.1%.
The partially convertible rupee was at 45.01/02 per dollar, above its close of 45.23/24 on Friday. A firm rupee adversely affects operating profit margin of IT firms as the sector derives a lion's share of revenue from exports.
Rate sensitive realty shares rose on bargain hunting after a recent fall triggered by worries higher interest rate on housing loans may crimp demand. HDIL, DLF, Omaxe, Sobha Developers, Omaxe, Unitech, rose by between 0.18% to 1.56%.
Meanwhile, the introduction of the contentious service tax on apartments that are still under construction in the Union Budget 2010-2011 may reportedly put pressure on property prices.
India's largest engineering and construction firm by sales, L&T, rose 1.43% after the company said today it has bagged an order worth Rs 1400 crore.
Among other capital goods stocks, Siemens, BEML, Bharat Heavy Electricals and Praj Industries rose by between 0.62% to 1.78%.
Bharti Airtel rose 0.24% on reports Bharti Airtel and Kuwait's Zain are likely to sign agreements for the Bharti's $9 billion buy of Zain's African assets on Tuesday 30 March 2010.
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 1.01% on Friday, 26 March 2010., Sesa Goa, Sterlite Industries, National Aluminum Company, Hindalco Industries, Gujarat NRE Coke rose by between 0.18% to 3.23%.
But, India's largest steel maker by sales Tata Steel fell 0.19%. The company reportedly plans to tap the global depository receipt (GDR) market for raising at least $500 million (Rs 2,300 crore). The money is to be raised within the next two quarters, to capitalise the balance sheet, report said. Tata Steel's Q4 advance tax payment rose to Rs 513 crore from Rs 406 crore a year earlier.
India's largest mortgage lender, Housing Development Finance Corporation (HDFC) rose 2.04% on reports the company plans to rejig its investments in unlisted companies to capture their value. It will transfer shares of select securities to a special purpose vehicle (SPV) and bring in strategic investors in the SPV. HDFC has investments in companies such as Lafarge, Chalet Hotels, IL&FS , IL&FS Education, National Stock Exchange (NSE), L&T Urban Infrastructure and Maruti Countrywide, which it does not consider as strategic to its business.
Shares of animation and gaming firm DQ Entertainment (International) settled at Rs 108.55 on the BSE, at a premium of 35.70% over the initial public offer price of Rs 80. The stock debuted at Rs 135, a premium of 68.80% over the initial public offer (IPO) price.
DQ Entertainment clocked the highest volume of 3.99 crore shares on BSE. Cals Refineries (2 crore shares), Pipavav Shipyard (1.24 crore shares), Bellary Steels (1.12 crore shares) and Birla Power Solutions (0.92 crore shares) were the other volume toppers in that order.
DQ Entertainment clocked the highest turnover of Rs 433.60 crore on BSE. NMDC (Rs 119.10 crore), LIC Housing Finance (Rs 118.64 crore), Syncom Healthcare (Rs 105.16 crore) and Pipavav Shipyard (Rs 86.60 crore) were the other turnover toppers in that order.
Amtek Auto
Investors with medium-term perspective can consider investing in the stock of Amtek Auto (Rs 189.7). The company is a major player in the global automotive component industry.
The stock has been on an intermediate-term uptrend from its multi-year low of Rs 42.2 touched in November 2008, forming higher peaks and higher bottoms. It encountered resistance in the band between Rs 230 and Rs 240, after retracing 38 per cent of its prior down-move in October 2009 and was on a corrective decline till January 2010.
Thereafter, the stock's decline was arrested and it began to gain bullish momentum after taking support at Rs 165 which is a key medium-term support as well as the place where the 200-day moving average is placed.
The stock emphatically penetrated the 21- and 50-day moving average compression by gaining 5 per cent on March 22. We notice that there has been an increase in volumes over the past two weeks. The daily relative strength index indicator has entered in to the bullish zone and weekly indicator is rising towards this zone from the neutral region.
Following a buy signal, the daily moving average convergence and divergence has entered in to the positive territory while the weekly MACD is already featuring in this zone.
The short and medium-term outlook is positive for the stock. We believe that it has the potential to head higher to Rs 206 in the short and then to Rs 227 in the medium-term. Investors with short and medium-term perspective can consider buying the stock with stop-loss at Rs 180 and Rs 171 respectively.
Follow up- United Breweries Holdings (Rs 268.1)
After rallying to a high of Rs 290 last week, the stock witnessed selling interest and slipped 1.5 per cent below our recommended level.
Short-term investors can avoid initiating fresh positions in this counter. However, we re-affirm our bullish medium-term outlook for this stock. Investors can hold it with the targets and stop-loss indicated last week.
via BL
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