Strategy - BHEL - Maruti - Petronet - Banks - Automobiles
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Tuesday, April 06, 2010
BSE Bulk Deals to Watch - Apr 6 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/4/2010 532335 Ambica Agarb PRAGNESH JAGDISHBHAI PATEL B 95771 14.58
6/4/2010 590006 Amrutanjan Health SMART EQUITY BROKERS PRIVATE LIMITED B 21760 1248.21
6/4/2010 590006 Amrutanjan Health A K G STOCK BROKERS PRIVATE LIMITED B 16130 1217.49
6/4/2010 590006 Amrutanjan Health BLUE PEACOCK SECURITIES PVT LT B 17102 1188.62
6/4/2010 590006 Amrutanjan Health MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 17331 1251.18
6/4/2010 590006 Amrutanjan Health CHANDARANA INTERMIDIARY BROKERS PVT LTD B 18209 1217.90
6/4/2010 590006 Amrutanjan Health MARWADI SHARES AND FINANCE LTD. B 21835 1215.60
6/4/2010 590006 Amrutanjan Health OPG SECURITIES P LTD B 50555 1233.57
6/4/2010 590006 Amrutanjan Health INTERACTIVE SECURITIES PRIVATE LIMITED B 18526 1229.09
6/4/2010 590006 Amrutanjan Health SMART EQUITY BROKERS PRIVATE LIMITED S 21760 1249.53
6/4/2010 590006 Amrutanjan Health A K G STOCK BROKERS PRIVATE LIMITED S 16130 1215.28
6/4/2010 590006 Amrutanjan Health BLUE PEACOCK SECURITIES PVT LT S 17102 1223.60
6/4/2010 590006 Amrutanjan Health MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 17391 1252.76
6/4/2010 590006 Amrutanjan Health CHANDARANA INTERMIDIARY BROKERS PVT LTD S 18209 1215.91
6/4/2010 590006 Amrutanjan Health MARWADI SHARES AND FINANCE LTD. S 21835 1215.83
6/4/2010 590006 Amrutanjan Health OPG SECURITIES P LTD S 50555 1234.78
6/4/2010 590006 Amrutanjan Health INTERACTIVE SECURITIES PRIVATE LIMITED S 18476 1229.50
6/4/2010 532259 Apar Inds SHINNY LIMITED S 220208 257.06
6/4/2010 533163 Arss Infra Proj GENUINE STOCK BROKERS PVT. LTD. B 254529 1183.39
6/4/2010 533163 Arss Infra Proj SMART EQUITY BROKERS PRIVATE LIMITED B 449172 1190.85
6/4/2010 533163 Arss Infra Proj MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 95206 1201.26
6/4/2010 533163 Arss Infra Proj CHANDARANA INTERMIDIARY BROKERS PVT LTD B 76014 1199.19
6/4/2010 533163 Arss Infra Proj MARWADI SHARES AND FINANCE LTD. B 96008 1183.70
6/4/2010 533163 Arss Infra Proj OPG SECURITIES P LTD B 712996 1190.40
6/4/2010 533163 Arss Infra Proj NIRMAL BANG SECURITIES PRIVATE LIMITED B 83161 1207.13
6/4/2010 533163 Arss Infra Proj JMP SECURITIES PVT LTD B 100585 1194.04
6/4/2010 533163 Arss Infra Proj GENUINE STOCK BROKERS PVT. LTD. S 254529 1184.80
6/4/2010 533163 Arss Infra Proj SMART EQUITY BROKERS PRIVATE LIMITED S 449172 1191.98
6/4/2010 533163 Arss Infra Proj MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 95206 1202.25
6/4/2010 533163 Arss Infra Proj CHANDARANA INTERMIDIARY BROKERS PVT LTD S 76014 1198.11
6/4/2010 533163 Arss Infra Proj MARWADI SHARES AND FINANCE LTD. S 96008 1183.94
6/4/2010 533163 Arss Infra Proj OPG SECURITIES P LTD S 712996 1191.47
6/4/2010 533163 Arss Infra Proj NIRMAL BANG SECURITIES PRIVATE LIMITED S 83161 1182.47
6/4/2010 533163 Arss Infra Proj JMP SECURITIES PVT LTD S 88628 1181.14
6/4/2010 531591 Bampsl Sec PRAKASH CHAND GUPTA B 868803 1.53
6/4/2010 531591 Bampsl Sec SUNIL KUMAR GUPTA B 716000 1.61
6/4/2010 531591 Bampsl Sec KAUSHALYA GARG S 1210000 1.49
6/4/2010 531591 Bampsl Sec PRAKASH CHAND GUPTA S 730567 1.62
6/4/2010 531719 Bhagiradha Che DEVENDRA A VAGHANI B 26208 80.41
6/4/2010 531337 Channel Guide DARI TEJAS K B 45361 13.69
6/4/2010 533026 Chemcel Bio ACME FURNITURE PRIVATE LIMITE B 300000 9.40
6/4/2010 533026 Chemcel Bio REKHA BHANDARI S 284449 9.40
6/4/2010 530427 Choksi Imaging DIPAK K SHAH S 25000 56.30
6/4/2010 523415 Coventry Coil VIPUL PRAKASH B 31596 9.51
6/4/2010 517514 D&H Welding PRIYESH INVESTMENTS PRIVATE LIMITED B 30000 30.50
6/4/2010 531270 Dazzel Conf JYOTI COPPER CRAFT PVT.LTD B 30000 7.66
6/4/2010 531270 Dazzel Conf JYOTI COPPER CRAFT PVT.LTD S 30000 7.63
6/4/2010 533176 DQ Entert Intl MANISH VRAJLAL SARVAIYA B 648641 117.68
6/4/2010 533176 DQ Entert Intl MANISH VRAJLAL SARVAIYA S 648641 117.40
6/4/2010 517477 Elnet Tech MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED B 25533 66.34
6/4/2010 517477 Elnet Tech MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 20033 66.28
6/4/2010 504351 Empower Inds MUKTA CHANDULAL SHAH B 200000 4.19
6/4/2010 504351 Empower Inds YOGESH RASIKLAL SANGHAVI S 100000 4.19
6/4/2010 504351 Empower Inds ANGEL INFIN PRIVATE LIMITED S 81315 4.19
6/4/2010 504351 Empower Inds PRITESH PRAVIN VORA S 57500 4.19
6/4/2010 511668 Fact Enterprise RASIKA RAVINDRA SAKPAL S 27750 39.01
6/4/2010 511668 Fact Enterprise DIVYESH NIRANJAN PATEL S 37172 39.95
6/4/2010 530945 Gangotri Iron JAGENDRA TRIPATHI B 67923 57.86
6/4/2010 530945 Gangotri Iron KALPANA MADHANI SECURITIES PRIVATE LIMITED B 66000 58.02
6/4/2010 530945 Gangotri Iron JAGENDRA TRIPATHI S 58862 57.06
6/4/2010 531904 Globus Corp PRAKASH BI.DHEBAR HUF S 400000 1.28
6/4/2010 513059 GS Auto GURMUKH SUKHWANI B 50000 41.95
6/4/2010 507960 Gujarat Hotels PRAGNESH JAGDISHBHAI PATEL B 52639 87.24
6/4/2010 507960 Gujarat Hotels PRAGNESH JAGDISHBHAI PATEL S 84269 84.91
6/4/2010 532770 Hanung Toys AJMERA SHARES TRADING PRIVATE LIMITED B 318214 232.46
6/4/2010 532770 Hanung Toys AJMERA SHARES TRADING PRIVATE LIMITED S 203229 230.74
6/4/2010 522059 Indage Vintners JMP SECURITIES PVT LTD B 127289 39.86
6/4/2010 522059 Indage Vintners JMP SECURITIES PVT LTD S 110764 40.49
6/4/2010 532072 Interworld Dig NITABEN KIRTIBHAI PATEL B 425000 3.00
6/4/2010 532072 Interworld Dig PRITI JAYESH SHAH S 301680 3.03
6/4/2010 532072 Interworld Dig DJ CHATURVEDI HUF S 489695 2.82
6/4/2010 506520 Jayshree Chem MEENAKSHI KOTHARI B 100000 17.70
6/4/2010 506520 Jayshree Chem MANJULA JAGDISH SHAH B 57079 17.67
6/4/2010 506520 Jayshree Chem GLOBE CAPITAL MARKET LIMITED S 58708 17.89
6/4/2010 506520 Jayshree Chem VIDUSHI V SOMANI S 32223 17.84
6/4/2010 506520 Jayshree Chem ASHOK KUMARKISHORILAL DAMANI S 28300 17.63
6/4/2010 506520 Jayshree Chem HARI FINANCE & TRADE PVT LTD S 40000 17.85
6/4/2010 506520 Jayshree Chem BIKEWIN TRADING PRIVATE LIMITED S 60000 17.60
6/4/2010 590041 Kavveri Telecom DHIRAJLAL V SANGHVI HUF S 52000 87.23
6/4/2010 530255 KAY Power KAUSHALYA GARG B 106000 15.91
6/4/2010 530255 KAY Power BAMPSL SECURITIES LTD B 162484 15.97
6/4/2010 530255 KAY Power BAMPSL SECURITIES LTD S 242744 15.82
6/4/2010 530255 KAY Power B.S.KHANDELWAL S 55000 15.96
6/4/2010 530145 Kisan Mouldings SWETA TIBREWALA B 50000 76.60
6/4/2010 530145 Kisan Mouldings OM PARKASH GUPTA B 41304 70.10
6/4/2010 530145 Kisan Mouldings NARESH CHAND JAIN B 43024 75.09
6/4/2010 530145 Kisan Mouldings SANJEET KUMAR CHOURASIA B 40000 76.21
6/4/2010 530145 Kisan Mouldings SHRIRAMTI BREWALA B 298690 69.51
6/4/2010 530145 Kisan Mouldings SWETA TIBREWALA S 50000 72.55
6/4/2010 530145 Kisan Mouldings OM PARKASH GUPTA S 41304 70.09
6/4/2010 530145 Kisan Mouldings NARESH CHAND JAIN S 43024 76.14
6/4/2010 530145 Kisan Mouldings SANJEET KUMAR CHOURASIA S 40000 68.08
6/4/2010 530145 Kisan Mouldings ZITURA INVESTMENT & FINANCE PRIVATE LIMITED S 82500 74.10
6/4/2010 530145 Kisan Mouldings PARIWAR HOUSING FINANCE CO LTD S 52797 73.90
6/4/2010 530145 Kisan Mouldings SHRIRAMTI BREWALA S 298690 70.43
6/4/2010 509011 Livingroom Life MANOHAR SHESHRAO PAWAR B 10000 32.00
6/4/2010 509011 Livingroom Life LAXMAN VITTHAL PAWAR S 8400 32.00
6/4/2010 532906 Man Aluminium Naman Securities & Finance Pvt. Ltd. S 18264 66.67
6/4/2010 590111 MASTER YERRA SRINIVAS S 28000 37.79
6/4/2010 524654 Natural Cap PALEPUSADHANA RAO S 36248 40.01
6/4/2010 532649 Nectar Life ANITA DEEPAK DALAL B 1501500 38.91
6/4/2010 532649 Nectar Life ANITA DEEPAK DALAL S 1501500 39.32
6/4/2010 532649 Nectar Life PR VYAPAAR PRIVATE LIMITED S 1500000 38.92
6/4/2010 532864 Nelcast KANCHAN CHHABRA B 100355 91.35
6/4/2010 532864 Nelcast KANCHAN CHHABRA S 103777 94.68
6/4/2010 532986 Niraj Cement SHYAMSHREE RESIDENCY PRIVATE LIMITED S 64304 52.13
6/4/2010 531465 Nouveau Multi KANODIA FINANCE (P) LTD B 100000 93.50
6/4/2010 531465 Nouveau Multi KANODIA STOCK BROKING (P) LTD S 100000 93.50
6/4/2010 570002 PANTALBNDVR JUGALKISHORE MOHANLAL MAHESHWARI B 150000 255.00
6/4/2010 570002 PANTALBNDVR BENNETT COLEMAN & CO LTD S 150000 255.00
6/4/2010 532606 Parekh Alum AAP INVESTMENTS B 390000 154.87
6/4/2010 532606 Parekh Alum WHITECITY TRADING COMPANY PRIVATE LIMITED S 250000 155.00
6/4/2010 532606 Parekh Alum EYEBALLS MEDIA MARKETING PRIVATE LIMITED S 115000 155.00
6/4/2010 533179 PERSISTENT SBI MUTUAL FUND MGLF B 205000 427.95
6/4/2010 533179 PERSISTENT GENUINE STOCK BROKERS PVT. LTD. B 496052 418.84
6/4/2010 533179 PERSISTENT SMART EQUITY BROKERS PRIVATE LIMITED B 909162 421.35
6/4/2010 533179 PERSISTENT CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 231493 416.28
6/4/2010 533179 PERSISTENT OPG SECURITIES P LTD B 810684 422.56
6/4/2010 533179 PERSISTENT GENUINE STOCK BROKERS PVT. LTD. S 496052 418.48
6/4/2010 533179 PERSISTENT SMART EQUITY BROKERS PRIVATE LIMITED S 909162 421.54
6/4/2010 533179 PERSISTENT CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 231493 417.71
6/4/2010 533179 PERSISTENT OPG SECURITIES P LTD S 810684 422.74
6/4/2010 503873 Priyadarshini Spn TARINI ENTERPRISES PRIVATE LIMITED B 432000 23.34
6/4/2010 503873 Priyadarshini Spn PRADEEP KR AGGARWAL S 424418 23.35
6/4/2010 590077 Ranklin Sol SHALU KAPOOR S 30000 62.97
6/4/2010 530815 Refnol Resins SWETA TIBREWALA S 30684 12.95
6/4/2010 531952 Riba Textiles KALPANA KALPANA B 38181 15.99
6/4/2010 512359 Rotam Comm ASHLESH GUNVANTBHAI SHAH B 7700 148.99
6/4/2010 512359 Rotam Comm JAGDISH S. MALANI S 22302 149.00
6/4/2010 517447 RS Software KANCHAN CHHABRA B 73486 50.07
6/4/2010 531099 Rubra Med KISHORE KUMAR T S 53000 19.50
6/4/2010 533056 SARK SYS SANKAR SEN B 70000 24.30
6/4/2010 533056 SARK SYS SANJAY AGARWAL B 50000 24.30
6/4/2010 533056 SARK SYS SWETA TIBREWALA B 290000 24.30
6/4/2010 533056 SARK SYS MVM SECURITIES PVT LTD B 69822 24.30
6/4/2010 533056 SARK SYS SATELLITE EXIM PRIVATE LIMITED B 100900 24.25
6/4/2010 533056 SARK SYS LOTUS CAPITAL B 69000 24.25
6/4/2010 533056 SARK SYS HITESH ANANTRAI DOSHI S 140000 24.30
6/4/2010 533056 SARK SYS BHUPENDRA MANUBHAI RAVAL S 50000 24.16
6/4/2010 533056 SARK SYS MIATRU AGRO MARKETING PRIVATE LIMITED S 60000 24.30
6/4/2010 533056 SARK SYS MADHU JAIN S 50000 24.30
6/4/2010 533056 SARK SYS P C SHRIMAL S 65200 24.30
6/4/2010 533056 SARK SYS SANJEET KUMAR CHOURASIA S 120900 24.30
6/4/2010 533056 SARK SYS SANJEETKUMAR CHOURASIA S 48900 24.30
6/4/2010 533056 SARK SYS SANJEET KUMAR CHOURASIA S 150000 24.30
6/4/2010 532404 Saven Tech BACHHRAJ JAIN B 86527 8.44
6/4/2010 530549 Shilpa Medicare RELIANCE CAPITAL ASSET MANAGEMENT LIMITED B 443589 285.00
6/4/2010 530549 Shilpa Medicare BEECHPORT INVESTMENTS LIMITED S 450000 285.08
6/4/2010 531626 Silver Smith B.K. NARULA (HUF) B 35083 24.16
6/4/2010 531626 Silver Smith DECENT FIN SER (P) LTD S 25000 24.45
6/4/2010 500389 Silverline Tech ASHWIN SHANTILAL SHAH B 500000 6.54
6/4/2010 500389 Silverline Tech COPTHALL MAURITIUS INVESTMENT LIMITED S 400000 6.48
6/4/2010 531645 Southern Ispat VENTURE BROKING PVT. LTD B 72500 21.55
6/4/2010 500285 Spicejet GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD B 1500000 61.39
6/4/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI B 721660 3.45
6/4/2010 526133 Supertex Inds SUPER INFINCON PVT LTD B 678755 3.46
6/4/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI S 721660 3.46
6/4/2010 526133 Supertex Inds PARAMESHWAR EXPORTS PRIVATE LIMITED S 614313 3.55
6/4/2010 500336 Surya Roshni MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 201481 93.82
6/4/2010 500336 Surya Roshni TRANSGLOBAL SECURITIES LTD. B 131113 95.52
6/4/2010 500336 Surya Roshni TRANSGLOBAL SECURITIES LTD. S 131113 95.60
6/4/2010 500336 Surya Roshni MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 201481 94.01
6/4/2010 512257 Swasti Vinay Gem RAHUL GUPTA B 150000 4.56
6/4/2010 512257 Swasti Vinay Gem SHAHNAWAZ HUSSAIN B 171950 4.36
6/4/2010 512257 Swasti Vinay Gem ABHILASHA MONEY OPERATIONS PVT LTD S 462321 4.42
6/4/2010 512257 Swasti Vinay Gem ALKEN MANAGEMENT & FINANCIAL S S 1121597 4.47
6/4/2010 510245 Swasti Vinay Syn ASHIRWAD SHELTERS PRIVATE LIMITED S 600000 2.78
6/4/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. B 632863 97.37
6/4/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. B 355587 97.01
6/4/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED B 128224 97.33
6/4/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD B 257308 99.73
6/4/2010 533157 SYNCOM HEAL NIKHIL VINUKANT SHAH B 141042 97.53
6/4/2010 533157 SYNCOM HEAL MANISH RATILAL SHAH B 133627 98.86
6/4/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PRIVATE LIMITED B 101165 97.96
6/4/2010 533157 SYNCOM HEAL GENUINE STOCK BROKERS PVT. LTD. S 632863 97.41
6/4/2010 533157 SYNCOM HEAL TRANSGLOBAL SECURITIES LTD. S 350787 97.10
6/4/2010 533157 SYNCOM HEAL A K G STOCK BROKERS PRIVATE LIMITED S 128224 97.18
6/4/2010 533157 SYNCOM HEAL OPG SECURITIES P LTD S 257308 99.80
6/4/2010 533157 SYNCOM HEAL NIKHIL VINUKANT SHAH S 141042 95.97
6/4/2010 533157 SYNCOM HEAL MANISH RATILAL SHAH S 133627 95.74
6/4/2010 533157 SYNCOM HEAL RKSV SECURITIES INDIA PRIVATE LIMITED S 101165 98.15
6/4/2010 507205 Tilaknagar Inds AAP INVESTMENTS B 161026 149.13
6/4/2010 532389 Valecha Engr MANSUKH STOCK BROKERS LIMITED B 90792 190.89
6/4/2010 532389 Valecha Engr MANSUKH STOCK BROKERS LIMITED S 90792 190.71
6/4/2010 531396 Women Networks NARENDRA KUMAR SURANA B 21000 26.75
6/4/2010 531396 Women Networks SANJU KABRA B 27717 27.04
6/4/2010 531396 Women Networks SANJU KABRA S 20238 26.75
* B - Buy, S - Sell
Market in limbo , shuts flat
Today's major news
Ashok Leyland’s sales up 17.4% yoy; the stock closes 0.97% lower
Stellar debut for Persistent Systems; the stock ends the day 31.61% higher over its issue price
Exclusion of hybrid capital may hit banks’ RoE
Click here for more stories
Global signals
European markets were trading in the positive territory on Tuesday to hit the new 18-month high, tracking gains in the US markets. At the time of writing this report, FTSE 100 was trading 0.57% higher.
All the major Asian indices closed in the positive territory on Tuesday, except Nikkei (Japan) and Jakarta Composite (Malaysia). Hang Seng (Hong Kong) was closed today. SGX Nifty closed 10 points higher.
US stock futures point to a weak start for the Wall Street on Tuesday.
Indian indices
After a spectacular performance on Monday April 05, 2010, the domestic markets closed on a flat note today. The Indian market traded in a very tight band throughout the session. The indices hit their new 25-month high in early trades, but faced stiff resistance on these levels and traded within a very limited range the whole day.
Sensex opened merely 5 points higher (at 17940) and fluctuated between negative and positive territory all across the session. Strong opening of European markets helped the Sensex to touch the day’s high of 17991. The day’s low was 17898. The Sensex flirted with the 18000 mark, but was not able to break the psychological level. However, at the finishing line, Sensex trimmed most of its gains and closed at 17941, mere 6 points higher. The Nifty shut at 5366, 2 points lower.
Market sentiment
Advancing shares outnumbered trailing ones. Of the 2,980 stocks traded on the BSE, 1,745 or (59%) stocks advanced, whereas 1,166 or (39%) stocks declined. Sixty nine stocks remained unchanged.
Sectoral & stock screening
Realty stocks continued to draw investor interest for the second straight day with BSE Realty up by 1.40%. On other hand, auto stocks were under pressure with BSE Auto down by 1.02%. The rest of the sectors were either up or down below 1%.
The star stock of the day was Great Eastern Shipping that was up by 5.81%, followed by Indian Overseas Bank that surged 5.70% and Allahabad Bank that rose by 5.63%. On second straight day, Bharat Electronics was among the major losers trading 4.60% lower, followed by HCL Technologies that fell by 3.77% and Cipla that shed 3.18%.
Viewing volumes
Like yesterday (April 05, 2010) Steel maker Ispat Industries was the most actively traded share with over 1.01 crore shares changing hands on the BSE, followed by wind turbine maker Suzlon Energy (0.54 crore shares), Reliance group’s Reliance Natural Resources (0.46 crore shares), infrastructure company GTL Infrastructure (0.45 crore shares) and India’s second largest realty major Unitech (0.37 crore shares).
Nifty April 2010 futures at premium
Turnover declines
Nifty April 2010 futures were at 5,371.05, at a premium of 5.05 points over spot closing of 5,366. Turnover in NSE's futures & options (F&O) segment was Rs 53,617.14 crore, lower than Rs 59,143 crore on Monday, 5 April 2010.
ICICI Bank April 2010 futures were at discount at 994.30 compared to the spot closing of 997.65.
Tata Motors April 2010 futures were at discount at 764 compared to the spot closing of 772.50.
DLF April 2010 futures were near spot closing at 328.85 compared to the spot closing of 329.05.
In the cash market, the S&P CNX Nifty fell 2.40 points or 0.04% at 5,366.
Asian stocks advance strongly
Most of the indices end in green on buying in resources
The Asian stocks rose today as strong overnight US cues and continued buying interest in metals and resources stocks proved instrumental. The Reserve Bank of Australia raised interest rates by 0.25 %age points as recent economic data suggested that that the risk of a serious economic contraction has passed, and that Australia's economic growth is back to normal. That took the official cash rate target to 4.25 per cent. However, the US dollar stayed upbeat, eroding some gains for the equities, as a section of the market focused on media reports stating that Greece wants to amend its aid deal with the European Union to bypass the International Monetary Fund.
The Aussie stocks snapped an 18-month high following the central bank's decision. The All Ordinaries gained 48 points to 4,974, and the ASX 200 closed 46 points higher at 4,954. The New Zealand stocks gained for a third straight session, boosted by a rally in heavyweight Telecom and solid domestic economic data.
Business Optimism in New Zealand increased in March, according to the latest survey results from the New Zealand Institute of Economic Research. The group's quarterly business opinion survey, released Tuesday, showed a seasonally adjusted net 36 % of firms expecting improved conditions over the coming six months, compared to 23 % feeling that way for the December quarter. The NZX 50 average rose 33 points or 1% to close at a three-month high of 3,309. Within the index, 23 stocks gained, 15 declined while 12 others closed unchanged.
The Chinese market closed flat after a long weekend flat though the raw-material producers fared well on speculation improving recovery prospects will boost demand for commodities. The Shanghai Composite average closed at 3,159, almost unchanged on the day.
Japanese shares dropped though, ending a three session losing winning streak, as investors locked in profits following recent strong gains. The benchmark Nikkei fell 57 points or 0.5% to 11,282, while the broader Topix index of all first section issues on the Tokyo Stock Exchange ended down 5 points or 0.49% at 991.
On Wall Street yesterday, stocks spurted as the markets reacted positively to the strongest jobs report in three years along with better than expected news from the housing and service sectors. The Dow Jones Industrial Average rose 0.4% to 10973.55, its highest close since Sept. 26, 2008. The Standard & Poor's 500 advanced 0.8% to 1187.44, its highest close since the same date, and its biggest one-day gain since March 5. The sentiment was buoyed by a better-than-expected reading from the Institute for Supply Management's non-manufacturing index, which showed broad improvement in service-sector businesses in March.
In Mumbai, key benchmark indices were little changed at close after moving between positive and negative zone in intraday trade. The BSE Sensex and the S&P CNX Nifty retraced after striking fresh 25-month highs in intra-day trade. The BSE Sensex pared gains after coming within a striking distance of the psychological 18,000 mark. European stocks were trading higher while Asian stocks ended on a mixed note. The Sensex was up 14.81 points or 0.08%, up 52.49 points from the day's low and off 40.92 points from the day's high.
In other markets, Korean stocks surged on strong advances in the other markets in early moves but pared gains later on. The benchmark KOSPI rose 1 point or 0.06% to close at 1,726. The markets in Hong Kong and Thailand were shut for holidays.
In commodities, strengthening dollar exerted some selling pressure on the prices in the later part of the day. The front month Nymex May crude oil futures contract came off a high near $87 and currently trades at $86.66, up 6 cents on the day on Globex. The Gold prices slipped as the expiry of the April counter took a toll. The June futures were last seen hovering at $1126, down $7.8 per ounce from the previous close.
Persistent Systems attracts 31.6% premium
Settles at Rs 408 on BSE
Shares of IT firm Persistent Systems settled at Rs 408 on BSE, at a premium of 31.61% over the initial public offer price of Rs 310.
The stock debuted at Rs 400, a premium of 29% over the issue price. On BSE, 92.30 lakh shares were traded on the counter. The stock hit a high of Rs 448 and a low of Rs 386.
The current price of Rs 408 discounts the year ended March 2009 EPS of Rs 16.7 by a PE multiple of 24.43.
The company had priced its initial public offer at the upper end of the price band of Rs 290 to Rs 310. The issue ended with an over subscription of 93.60 times on 19 March 2010. The IPO got bids for 50.73 crore shares compared with 54.19 lakh shares on offer.
The qualified institutional buyers (QIBs) category was oversubscribed by 144.42 times, the non institutional investors category was oversubscribed by 107.73 times and the retail investors category was oversubscribed by 21.68 times.
Persistent Systems plans to use the funds raised from the IPO for establishment of development facilities in Pune and Nagpur and to procure hardware.
Pune-based Persistent Systems caters to offshoring outsourced product development (OPD) market. It provides customised services to global software product firms and start-ups.
On a consolidated basis, the company reported a net profit of Rs 66.90 crore on sales of Rs 593.83 crore in the year ended March 2009.
Grey Market Premiums - Apr 6 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Persistent Sys. | 310 | 80 to 90 |
| Shree Ganesh Jewellery | 260 | Discount |
| Infrasoft Technology | 145 | 12 to 15 |
| Goenka Diamond & Jewellery | 135 | Discount |
Indian indices to extend gains
Headlines for the day:
Green nod sought for projects worth Rs60,000 cr
Air India board to discuss international base plan
Biocon buys out Cuban firm in JV, hopes to break even in 5 yrs
Events for the day:
Major corporate action
Ex-date for dividend of Wyeth
Ex-date for interim dividend of Arss Infrastructure Projects
For more events, log on to Sharekhan.com
Listing of equity shares of Persistent Systems Ltd
Results: GM Breweries
Pre-market report
Global signals
The European markets will resume today after a long weekend, as it was closed on Friday and Monday.
The US stocks rose on Monday, the first trading day on the Wall Street after government data last week showed the economy added the largest number of jobs in three years, boosting hopes the recovery was accelerating.
In today's trade, the Asian markets were trading on a mixed note. At the time of writing this report, SGX Nifty was trading 22 point higher. The Hang Seng is closed today i.e. April 6, 2010.
Indian markets
After the yesterday's rally in the US markets and the positive signals that are coming from the global markets, the Indian stocks are likely to open higher. For Nifty, 5400 and for Sensex, 18000 are the psychological levels. As the investors have pushed the Indian shares and the rupee to multi-month highs expecting a sustained earnings and economic growth, if the FIIs flow continues the market may extend more gains.
Commodity cues
In the commodity space, the crude oil prices posted gains, with the Nymex light crude oil for the May series advanced by $1.75 per barrel, whereas in the metals space, the Comex Gold for the May series rose by $7.80 and the Comex Silver for the May series was up by $0.29 to a troy ounce respectively.
Daily trend of FII/MF investment in equities
On April 05, 2010, FIIs were the net buyers of the Indian stocks to the tune of Rs1484.20 crore, whereas the domestic mutual funds, on March 30, 2010, were the net sellers of the stocks to the tune of Rs100.20 crore.
Precious metals add more glaze
Precious metals continue to stay bright on the second day of second quarter
Precious metal prices ended higher on Monday, 05 April 2010. Prices rose as the dollar weakened. Prices also rose along with crude prices on anticipation of higher demand in coming months, which arose following better than expected economic reports.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa.
On Monday, gold for June delivery ended at $1,133.8 an ounce, higher by $7.7 (0.7%) an ounce on the New York Mercantile Exchange. Last week, gold ended higher by 1.8%. In FY 2010, gold touched a high of $1,154 in January. For the month of March, gold slid 0.4%. For the first quarter of this year, gold rose by 1.7%, its sixth quarterly rise. On a year to date basis, gold is higher by 3.4%.
On Monday, May Comex silver futures ended higher by 23 cents (1.3%) at $18.11 an ounce. For the month of March, silver ended higher by 5%. For the first quarter of this year, silver rose by 3%. On a year to date basis, silver is higher by 6.4%.
In the currency market on Monday, the dollar index, which measures the strength of the dollar against basket of six other currencies slipped by 0.2%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter.
Among economic reports scheduled on Monday, The National Association of Realtors in US reported on Monday, 05 April 2010 that there was a seasonally adjusted 8.2% increase in its pending home sales index in February. The NAR's index tracks sales contracts on existing homes, and is seen to be a good indicator of actual sales, which are recorded a month or two later at closing.
Among other economic data, The Institute for Supply Management in US reported on Monday, 05 April 2010 that the ISM non-manufacturing index rose to 55.4% from 53.0% in February. The gain was stronger than expected. Market was expecting the index to rise to 54%. The report indicated that activity in the service sector of the U.S. economy improved markedly in March, indicating that the recovery is broadening out.
Gold had ended FY 2009 higher by 24%. Silver futures had ended 2009 up 50%. The dollar index had lost 4.2% against its counterparts last year.
Last year, after hitting a low at $807.30 per ounce on 15 January 2009, gold futures rallied almost 51% to hit an all-time high at $1217.40 per ounce during early December of 2009 but fell from those levels at the end. Silver futures had hit a low at $10.42 on 15 January 2009 and hit a high at $19.30 per ounce on 2 December 2009. Like gold, silver also ended lower than its all time high level.
At the MCX, gold prices for June delivery closed lower by Rs 57 (0.34%) at Rs 16,502 per ten grams. Prices rose to a high of Rs 16,572 per 10 grams and fell to a low of Rs 16,437 per 10 grams during the day's trading.
At the MCX, silver prices for May delivery closed Rs 4 (0.01%) lower at Rs 27,417/Kg. Prices opened at Rs 27,450/kg and fell to a low of Rs 27,216/Kg during the day's trading.
Crude shoots up
Crude continues its upward journey on demand hopes
Crude oil prices ended substantially higher on Monday, 05 April 2010. Prices rose on anticipation of higher demand in coming months, which arose following positive economic reports since the past couple of days at Wall Street.
On Monday, crude-oil futures for light sweet crude for May delivery closed at $86.62/barrel (higher by $1.75 or 2%). During intra day trading, it surpassed the $87 mark. For the month of March, crude rose 5.1%. For the first quarter of this year, crude rose by 5.5%. Year to date, crude is higher by 8.8%.
Prices are still very much lower as compared to 3 July, 2008 settlement of $145.29 a barrel and an intraday high of $147.27 on 11 July, 2008, an all-time high. But oil has also gained nearly 156% from a December, 2008 nadir. That day prices settled at $33.87 a barrel following an intraday low of $32.40.
In the currency market on Monday, the dollar index, which measures the strength of the dollar against basket of six other currencies slipped by 0.2%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter.
Among economic reports scheduled on Monday, The National Association of Realtors in US reported on Monday, 05 April 2010 that there was a seasonally adjusted 8.2% increase in its pending home sales index in February. The NAR's index tracks sales contracts on existing homes, and is seen to be a good indicator of actual sales, which are recorded a month or two later at closing.
Among other economic data, The Institute for Supply Management in US reported on Monday, 05 April 2010 that the ISM non-manufacturing index rose to 55.4% from 53.0% in February. The gain was stronger than expected. Market was expecting the index to rise to 54%. The report indicated that activity in the service sector of the U.S. economy improved markedly in March, indicating that the recovery is broadening out.
The Labor Department in US reported on Friday, 02 April 2010 that the U.S. economy created 162,000 jobs in March 2010. It was the largest seasonally adjusted increase in nonfarm payrolls in three years. The unemployment rate was steady at 9.7%. The report detailed that nonfarm payrolls rose for just the third time in the past 27 months.
Elsewhere, natural gas futures advanced for a second day in New York on speculation demand for the industrial fuel will strengthen as the economic recovery gains momentum. Natural gas for May delivery gained 19.1 cents (4.7%) to settle at $4.277 per million British thermal units on the New York Mercantile Exchange. Prices have dropped 23% this year.
Crude ended FY 2009 higher by 78%, the highest yearly gain since 1999. It reached a high of $82 earlier in October 2009 and hit a low of $33.98 on 12 February 2009. Crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
At the MCX, crude oil for April delivery closed higher by Rs 13(0.33%) at Rs 3,843/barrel. Natural gas for April delivery closed at Rs 191/mmbtu, higher by Rs 5 (2.7%)
Copper stays strong
Base metal prices go up riding on the back of strong economic data
Red metal prices ended higher on Monday, 05 April 2010. Prices rose as the dollar weakened. Prices also rose along with other commodities on anticipation of higher demand in coming months, which arose following better than expected economic reports.
At USA, copper futures for May delivery ended higher by 5 cents (1.3%) at $3.63 a pound. Prices gained 5.3% last week. In March, copper gained 7.5%. Copper gained about 6% for the first quarter, buoyed by data from the U.S. and other countries reinforced expectations that the global economic recovery was on track. On a year to date basis, in 2010, copper is higher by 8%.
Prices have almost doubled in the past twelve months due to higher imports from China. Copper ended FY 2009 higher by 140%.
On Monday, at LME, copper for delivery in three months ended higher by $93 (1.2%) at $7,978. On 3 July, 2008, prices had touched an all time intra day high of $8,940.
In the currency market on Monday, the dollar index, which measures the strength of the dollar against basket of six other currencies slipped by 0.2%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter.
Among economic reports scheduled on Monday, The National Association of Realtors in US reported on Monday, 05 April 2010 that there was a seasonally adjusted 8.2% increase in its pending home sales index in February. The NAR's index tracks sales contracts on existing homes, and is seen to be a good indicator of actual sales, which are recorded a month or two later at closing.
Among other economic data, The Institute for Supply Management in US reported on Monday, 05 April 2010 that the ISM non-manufacturing index rose to 55.4% from 53.0% in February. The gain was stronger than expected. Market was expecting the index to rise to 54%. The report indicated that activity in the service sector of the U.S. economy improved markedly in March, indicating that the recovery is broadening out.
The Labor Department in US reported on Friday, 02 April 2010 that the U.S. economy created 162,000 jobs in March 2010. It was the largest seasonally adjusted increase in nonfarm payrolls in three years. The unemployment rate was steady at 9.7%. The report detailed that nonfarm payrolls rose for just the third time in the past 27 months.
As per latest data, copper stockpiles at LME fell by 7% till date from its February 2010 high levels.
Copper ended substantially higher last year on expectations of revived global economic growth along with a decline in the dollar. The dollar index had dropped almost 4.2% last year. The metal was also pushed higher by record first-half imports to China, the world's largest user.
The U.S. buys about 13% of the 17 million metric tons of copper sold annually and China buys about 20%.
At the MCX, copper for February delivery closed lower by Rs 0.4 (0.11%) at Rs 355.3/Kg. Prices rose to a high of Rs 358.1/Kg and fell to a low of Rs 352.8/Kg during the day's trading.
Among other metals traded in the LME on Monday, lead ended 0.7% higher at $2,225 a ton and zinc ended 0.5% higher at $2,414 a ton. Nickel was little changed at $25,075. Aluminum ended 0.3% higher at $2,358 a ton.
Market may extend gains on positive global cues
The market is likely to extend gains for the third straight trading session supported by positive global cues. The S&P CNX Nifty futures for April 2010 expiry were up 15 points in Singapore.
Stock-specific action may rule the roost in the near term based on expectations of Q4 March 2010 results. IT bellwether Infosys kickstarts the reporting season on 13 April 2010.
Shares of export oriented companies may falter as the Indian rupee strengthened to a 19-month peak on Monday. The partially convertible rupee ended at 44.44/45 per dollar, more than 1% stronger than Wednesday's close at 44.89/90. It touched an intraday peak of 44.43, its strongest since 8 September 2008.
Steel stocks may be in demand on reports the recent price hike announced by steel producers is not the final one for April, as the industry is expecting another Rs 1,000-per tonne increase by the end of this month.
Shares of IT firm Persistent Systems (India) will debut on the bourses today, 6 April 2010. The company had priced its initial public offer at the upper end of the Rs 290 - 310 per share price band.
Most Asian stocks rose today as commodity prices gained and growth in US service industries and home sales spurred optimism about the global economic recovery. Key benchmark indices in China, Japan, Singapore and Taiwan were up by between 0.26% to 1.06%. However, South Korea's Seoul Composite was down marginally by 0.10%.
US markets ended higher on Monday, 5 April 2010, as they reacted to the non-farm payrolls report and other positive economic data. The Dow Jones and S&P closed at their highest level since September 2008, while Nasdaq closed at its highest level since August 2008. The Dow Jones industrial average climbed 46.48 points to 10,973.55. The Nasdaq composite index gained 26.95 points to 2,429.53 while the S&P 500 index moved 9.34 points higher to 1,187.44.
Emerging market equity funds ended March 2010 with their seventh consecutive week of inflows, bringing net inflows to nearly $7.6 billion in the first quarter. All four of the major fund groups took in modest amounts of fresh money, ranging from a net $6 million for Latin America Equity Funds to $222 million for EMEA Equity Funds. China equity funds, however, recorded inflows for only the third week so far this year as some investors continue to be put off by rich valuations, growing exchange rate and trade frictions with the United States and uncertainty about just how far authorities will go to prevent a property bubble.
The world economy could grow 4.1% this year, 0.2 points more than previously forecast, the International Monetary Fund (IMF) said in the latest draft of its World Economic Outlook. The US economy is now expected to grow 3% this year, instead of the 2.7% forecast in the IMF's January report. The IMF is due to publish its next World Economic Outlook on 21 April 2010.
According to the draft, euro zone growth this year is now forecast to be 0.8%, down 0.1 points from January's estimate. In 2011, the figure is seen at 1.5%, also down 0.1 points from a previous estimate, the report said.
Closer home, the stock market regulator Securities and Exchange Board of India (Sebi) on Monday notified amendments to the equity listing agreement, which were decided at its November 2009 board meeting. According to these amendments, all listed companies are required to disclose their audited annual results on a standalone as well as on a consolidated basis within 60 days from the end of the financial year. Earlier it was 90 days. This in effect, means all listed companies will have to submit the recently-concluded financial year's results by 31 May 2010 itself.
Listed companies have been further asked to publish the turnover, profit before tax and profit after tax on a stand-alone basis. These measures have been taken to streamline the submission of financial results by listed entities and uniformity in reporting, while reducing the timeline for submission of the same with the stock exchanges.
Top banking executives on Monday told the Reserve Bank of India (RBI) that credit growth will be over 20% in the year ending March 2011 (FY 2011) and that they don't expect interest rates to go up soon. They don't feel there is any upward pressure on interest rates. Some bank chiefs met RBI Governor D. Subbarao ahead of the annual monetary policy scheduled for 20 April 2010 to discuss on issues including outlook on credit, deposit growth, lending rates, economic growth and inflation.
Finance Minister Pranab Mukherjee recently said the economy would soon return to the 9% growth trajectory, helped by various measures announced in the Union Budget 2010-11. He said the economy would post 8.25-8.75% growth in the current fiscal after recording 7.2% growth in 2009-10, which is impressive by global standards.
Prime Minister Manmohan Singh recently said that the economy would get back to 9% growth by the end of the Eleventh Five Year Plan period, and do even better after that. After clocking 9% plus growth for three straight years till 2007-08, the country's GDP grew by a relatively modest rate of 6.7% in 2008-09 on account of the international financial crisis.
The food price index rose 16.35% in the year to 20 March 2010, higher than an annual rise of 16.22% in the previous week, government data showed on Thursday. The fuel price index rose 12.75%, higher than an annual rise of 12.68% in the previous week. Fuel costs have risen following a hike in domestic fuel prices and an upswing in world crude prices. The primary articles index was up 13.86% in the year to 20 March 2010.
India's manufacturing growth slowed down in March 2010, dropping from a 20-month-record in February 2010, as mounting cost pressures took a toll on expansion in output, a survey released on Thursday showed. The HSBC Markit Purchasing Managers' Index , based on a survey of 500 companies, fell to 57.8 in March 2010 from 58.5 in February 2010, which was the strongest since June 2008. A reading above 50 means activity is expanding. The new orders index fell to 62.7 in March from 64 in February
Industrial output in February is expected to have grown 16% year-on-year, Industry Secretary said on Wednesday. The output in January grew an annual 16.7%.
Foreign direct investment rose 15.4% to $1.72 billion in February 2010 over February 2009, government said Wednesday.
Exports in February grew 34.8% on year to $16.09 billion, Trade Minister Anand Sharma said on Wednesday. Exports are expected to grow 15-20% in the year that starts on 1 April 2010, Sharma said. Imports, too, maintained momentum growing by 66% to $25 billion underscoring the strong revival in the domestic economy.
The BSE Sensex vaulted 7,819.27 points or 80.5% in the year ended March 2010 (FY 2010) helped by heavy purchases by foreign institutional investors. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 14,792.31 crore in March 2010. Indian companied raised over Rs 47,800 crore through public offers during the fiscal 2009-2010, following buoyant secondary market.
Global credit rating agency Standard & Poor's, last month, revised the outlook on India to stable from negative due to improved government finances.
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 June-September monsoon season is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector.
Tokyo-based Research Institute for Global Change has predicted normal monsoon rains in India for the current year. Agriculture secretary P K Basu said in a media interview on Monday, 5 April 2010, that early signs indicate normal monsoon rains this year. 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.
A weakening El Nino is a positive sign for the monsoon, Ajit Tyagi, director general at the India Meteorological Department, said on 18 March 2010. The cyclical heating of the Pacific Ocean known as El Nino will continue to fade, US forecasters said last month. The weather event, which occurs every four to seven years, brings more rain to South America and less precipitation to Asia.
The key benchmark indices attained their highest closing level in more than 25 months on Monday, 5 April 2010 aided by firm Asian stocks and higher US index futures. The BSE 30-share Sensex rose 243.06 points or 1.37% to 17,935.68, its highest closing since 19 February 2008. The S&P CNX Nifty rose 77.90 points or 1.47% to 5,368.40 its highest closing since 5 February 2008.
Foreign funds bought shares worth Rs 766.07 crore and domestic funds bought shares worth Rs 403.33 crore on Monday, 5 April 2010, as per provisional data.
Subscribe to:
Posts (Atom)