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Monday, April 12, 2010
BSE Bulk DEals to Watch - Apr 12 2010
Scrip Code Company Client Name Deal Type * Quantity Price **
12/4/2010 531179 Arman Fin Serv ASHWINKANTILAL PARIKH S 21343 20.45
12/4/2010 532989 Bafna Pharma DURAI VENKATESAN S 92190 40.07
12/4/2010 531671 BISIL PLAST RAMESHCHANDRA SAMPATLAL GANNA S 286908 1.77
12/4/2010 590061 Brushman India SICPA INDIA LTD S 107992 9.53
12/4/2010 500083 Century Extr BHARAT SHANKAR PHAPALE B 229664 14.19
12/4/2010 500083 Century Extr MUMBAI STOCK BROKERS PVT LTD S 230317 14.17
12/4/2010 531337 Channel Guide BHUTIYA HITESH KANABHAI B 99682 18.43
12/4/2010 531337 Channel Guide PATHIK NAYANBHAI SHAH S 40000 18.46
12/4/2010 533026 Chemcel Bio SUNIL BHANDARI B 205286 10.82
12/4/2010 533026 Chemcel Bio REKHA BHANDARI B 286855 10.84
12/4/2010 533026 Chemcel Bio ACME FURNITURE PRIVATE LIMITE S 400000 10.85
12/4/2010 531171 Devika Prot RAGHU MAHESH B 73542 29.42
12/4/2010 530959 Diana Tea PRAGNESH JAGDISHBHAI PATEL S 258039 30.26
12/4/2010 531367 Dollex Inds DEEPTI DUBEY S 297658 7.54
12/4/2010 523890 DS Kulkarni TRANSGLOBAL SECURITIES LTD. B 185018 78.41
12/4/2010 523890 DS Kulkarni TRANSGLOBAL SECURITIES LTD. S 184518 78.14
12/4/2010 532666 FCS Software PUMARTH INFRASTRUCTURE PRIVATE LIMITED B 3000000 5.75
12/4/2010 590024 Fert & Chem Trv KANCHAN CHHABRA B 54948 50.06
12/4/2010 590024 Fert & Chem Trv KANCHAN CHHABRA S 46304 50.63
12/4/2010 514167 Ganesh Poly KAUSHIK SHAH SHARES & SEC. LTD S 64100 50.64
12/4/2010 530945 Gangotri Iron Naman Securities & Finance Pvt. Ltd. B 44619 59.52
12/4/2010 532318 Gemini Comm MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 501905 34.63
12/4/2010 526951 GOLDE LAMINA NIKU MERCANTILE PVT.LTD S 100000 37.00
12/4/2010 530579 Golden Sec ADHUNIK DEALCOM PRIVATE LIMITED B 39000 6.25
12/4/2010 530579 Golden Sec LALIT KUMAR BOHANIA S 15000 6.25
12/4/2010 530579 Golden Sec SAROJ AGARWAL S 25000 6.25
12/4/2010 530259 Inter State Oil DHEERAJ KUMAR LOHIA B 58621 8.95
12/4/2010 530259 Inter State Oil MANJULA BAI S 37638 9.43
12/4/2010 532072 Interworld Dig PRASHANT MAHADEV KAMBLE B 562102 2.43
12/4/2010 532072 Interworld Dig BP FINTRADE PRIVATE LIMITED B 251456 2.29
12/4/2010 532072 Interworld Dig NITABEN KIRTIBHAI PATEL S 425000 2.43
12/4/2010 533181 INTRASOFT VIJETA BROKING INDIA PRIVATE LIMITED B 121886 158.14
12/4/2010 533181 INTRASOFT GENUINE STOCK BROKERS PVT. LTD. B 1113789 156.21
12/4/2010 533181 INTRASOFT SMART EQUITY BROKERS PRIVATE LIMITED B 1100721 155.97
12/4/2010 533181 INTRASOFT TRANSGLOBAL SECURITIES LTD. B 123667 157.36
12/4/2010 533181 INTRASOFT SURBHI INVESTMENTS & TRADING COMPANY PRIVATE B 751685 147.51
12/4/2010 533181 INTRASOFT CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 615265 152.78
12/4/2010 533181 INTRASOFT PRAVIN DHANJIBHAI MEHTA B 143033 154.84
12/4/2010 533181 INTRASOFT A K G STOCK BROKERS PRIVATE LIMITED B 148571 155.51
12/4/2010 533181 INTRASOFT BLUE PEACOCK SECURITIES PVT LT B 130338 159.83
12/4/2010 533181 INTRASOFT MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 207686 152.42
12/4/2010 533181 INTRASOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD B 74708 152.21
12/4/2010 533181 INTRASOFT MARWADI SHARES AND FINANCE LTD. B 239435 157.85
12/4/2010 533181 INTRASOFT OPG SECURITIES P LTD B 1247638 156.24
12/4/2010 533181 INTRASOFT SUSHIL FINANCE CONSULTANTS LTD B 89982 154.19
12/4/2010 533181 INTRASOFT R M SHARES TRADING PRIVATE LIMITED B 144007 155.77
12/4/2010 533181 INTRASOFT JMP SECURITIES PVT LTD B 185202 160.55
12/4/2010 533181 INTRASOFT SHANTI MANAGEMENT B 83287 159.18
12/4/2010 533181 INTRASOFT H J SECURITIES PVT LTD B 142922 155.32
12/4/2010 533181 INTRASOFT RAKHIKALPESH BHANDARI B 131271 157.10
12/4/2010 533181 INTRASOFT RASHI INVESTMENTS B 87500 154.14
12/4/2010 533181 INTRASOFT NAVEEN TAPARIA B 231129 157.15
12/4/2010 533181 INTRASOFT SHAIL INVESTMENTS PRIVATE LIMITED B 134000 156.45
12/4/2010 533181 INTRASOFT VIJETA BROKING INDIA PRIVATE LIMITED S 121886 154.88
12/4/2010 533181 INTRASOFT GENUINE STOCK BROKERS PVT. LTD. S 1113789 156.50
12/4/2010 533181 INTRASOFT SMART EQUITY BROKERS PRIVATE LIMITED S 1100721 156.41
12/4/2010 533181 INTRASOFT TRANSGLOBAL SECURITIES LTD. S 121713 158.19
12/4/2010 533181 INTRASOFT SURBHI INVESTMENTS & TRADING COMPANY PRIVATE S 549038 160.61
12/4/2010 533181 INTRASOFT CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 615265 153.56
12/4/2010 533181 INTRASOFT PRAVIN DHANJIBHAI MEHTA S 143033 154.83
12/4/2010 533181 INTRASOFT A K G STOCK BROKERS PRIVATE LIMITED S 148571 155.42
12/4/2010 533181 INTRASOFT BLUE PEACOCK SECURITIES PVT LT S 130338 155.71
12/4/2010 533181 INTRASOFT MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 207686 152.85
12/4/2010 533181 INTRASOFT CHANDARANA INTERMIDIARY BROKERS PVT LTD S 74708 153.00
12/4/2010 533181 INTRASOFT MARWADI SHARES AND FINANCE LTD. S 239435 157.33
12/4/2010 533181 INTRASOFT OPG SECURITIES P LTD S 1247638 156.43
12/4/2010 533181 INTRASOFT SURESH CHANDSUGANCHAND JAIN S 157925 156.54
12/4/2010 533181 INTRASOFT SUSHIL FINANCE CONSULTANTS LTD S 89982 154.29
12/4/2010 533181 INTRASOFT R M SHARES TRADING PRIVATE LIMITED S 144007 156.36
12/4/2010 533181 INTRASOFT JMP SECURITIES PVT LTD S 108890 160.21
12/4/2010 533181 INTRASOFT SHANTI MANAGEMENT S 83287 159.72
12/4/2010 533181 INTRASOFT H J SECURITIES PVT LTD S 142922 155.93
12/4/2010 533181 INTRASOFT RAKHIKALPESH BHANDARI S 131271 160.03
12/4/2010 533181 INTRASOFT NAVEEN TAPARIA S 231129 155.58
12/4/2010 530255 KAY Power KAUSHALYA GARG B 184005 18.59
12/4/2010 530255 KAY Power BAMPSL SECURITIES LTD B 252394 18.59
12/4/2010 530255 KAY Power B.S.KHANDELWAL B 132680 19.01
12/4/2010 530255 KAY Power KAUSHALYA GARG S 245000 17.98
12/4/2010 530255 KAY Power BAMPSL SECURITIES LTD S 415934 18.31
12/4/2010 530255 KAY Power ANJALI KAUSHIK S 69500 18.38
12/4/2010 530145 Kisan Mouldings SPREAD FINTRADE LTD S 70000 83.05
12/4/2010 590111 MASTER SRIKANTHMIKKILINENI B 34500 38.55
12/4/2010 590111 MASTER VENKATA SIVA GANGADHARARAO PARVATHANENI B 35030 38.36
12/4/2010 590111 MASTER VIJAY KUMAR TUMMALA S 33053 38.40
12/4/2010 590111 MASTER NAVEEN MORTHA S 45000 38.40
12/4/2010 523792 Mazda GIRISH GULATI B 55048 109.62
12/4/2010 590011 Moving Picture SANOTSH KUMAR KHEMKA B 70200 6.22
12/4/2010 590090 Octant Inter VIDHATA SECURITIES PVT LTD S 204000 11.17
12/4/2010 531496 Omkar Overseas FALGUNI BEN MAHAVIRBHAI GOHIL B 42850 69.16
12/4/2010 531496 Omkar Overseas GAGANOM PRAKASH ARORA S 28800 68.98
12/4/2010 531496 Omkar Overseas VIJAYKUMAR KASHMIRILAL PUNJABI S 34429 69.37
12/4/2010 531496 Omkar Overseas GVRS SECURITIES PRIVATE LIMITED S 45000 69.00
12/4/2010 532882 Omnitech Info SANJAY NATVARLAL DESAI B 110100 195.89
12/4/2010 532882 Omnitech Info AJMERA SHARES TRADING PRIVATE LIMITED B 205159 197.99
12/4/2010 532882 Omnitech Info SANJAY NATVARLAL DESAI S 110100 196.42
12/4/2010 532882 Omnitech Info AJMERA SHARES TRADING PRIVATE LIMITED S 205159 196.49
12/4/2010 532607 Ontrack Sys LAKHSMAN SRINIVASAN B 100000 14.49
12/4/2010 532607 Ontrack Sys HEMA LAKSHMAN S 100000 14.49
12/4/2010 512097 Oregon Comm MAHESH NARENDRA KATE B 5000 218.50
12/4/2010 512097 Oregon Comm J M SONI CONSULTANCY S 6886 218.23
12/4/2010 512097 Oregon Comm MAHESH NARENDRA KATE S 10000 218.50
12/4/2010 512097 Oregon Comm BHAVESH SHANTILAL TRIVEDI S 5000 218.95
12/4/2010 512097 Oregon Comm ARUNBHAI HASMUKHBHAI SONI S 5000 218.50
12/4/2010 512097 Oregon Comm SHYAM CONSTRUCTION S 7155 218.55
12/4/2010 526588 Photoquip India VIMALJAYANT SONI B 76800 26.10
12/4/2010 526588 Photoquip India TARABEN JAYANT SONI B 108000 26.10
12/4/2010 526588 Photoquip India DHAVAL JAYANT SONI B 54200 26.16
12/4/2010 526588 Photoquip India SHAHEENJAVED SAIYED S 131870 26.11
12/4/2010 526588 Photoquip India JAVEDMEHDI SAIYED S 89943 26.10
12/4/2010 503873 Priyadarshini Spn PRADEEPKR AGGARWAL B 94064 27.82
12/4/2010 503873 Priyadarshini Spn PRADEEPKR AGGARWAL S 95900 28.08
12/4/2010 590077 Ranklin Sol VIJAY KUMAR TUMMALA B 31020 70.58
12/4/2010 533083 RISHABHDEV SAAKSHI SHARES PVT LTD B 500775 12.50
12/4/2010 533083 RISHABHDEV SAAKSHI SHARES PVT LTD B 164672 12.50
12/4/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR B 179002 12.49
12/4/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR S 186387 12.67
12/4/2010 512359 Rotam Comm SANJAY JETHALAL SONI B 8000 145.85
12/4/2010 531099 Rubra Med ARUNA DAGA S 35000 19.40
12/4/2010 521206 Samtex Fashions PENTAGON BUILDERS PRIVATE LIMITED B 45000 24.76
12/4/2010 521206 Samtex Fashions VIRGO IMPEX PVT LTD S 45000 24.76
12/4/2010 531569 Sanjivani Par BHAWARLAL JAJOO B 35000 61.35
12/4/2010 531569 Sanjivani Par MANISH RAMESH DALAL B 30000 61.88
12/4/2010 531781 Sapan Chem SUGNYA JAYESH KUWADIA B 40000 7.68
12/4/2010 531781 Sapan Chem JAYESHKUWADIA S 40000 7.68
12/4/2010 533056 SARK SYS SHREE VIHAR HOUSING & DEVELOPERS (P) LTD B 100000 29.45
12/4/2010 533056 SARK SYS JIGNESH SHAH B 50000 29.45
12/4/2010 533056 SARK SYS SWETA TIBREWALA S 100000 29.45
12/4/2010 533056 SARK SYS SANJEET KUMAR CHOURASIA S 55950 29.45
12/4/2010 513097 Shivalik Bimet BRIJ BALLABH CHANDAK HUF B 100000 32.30
12/4/2010 513097 Shivalik Bimet SAINATH HERBAL CARE MARKETING P.LTD B 141673 32.20
12/4/2010 513097 Shivalik Bimet SAINATH HERBAL CARE MARKETING P.LTD S 165352 32.25
12/4/2010 526479 SKY Inds VIJAYJAMNADAS VORA B 28385 99.22
12/4/2010 526479 SKY Inds VIJAY JAMNADAS VORA S 20051 97.76
12/4/2010 526479 SKY Inds HINA VIJAYKUMAR VORA S 20000 99.00
12/4/2010 523363 Sterling Hol Res VIDEOCON INDUSTRIES LIMITED B 240000 86.63
12/4/2010 531373 Suave Hotels J V STOCK BROKING PRIVATE LIMITED B 59863 28.78
12/4/2010 531373 Suave Hotels J V STOCK BROKING PRIVATE LIMITED S 59863 29.58
12/4/2010 531373 Suave Hotels UPTON INFRASTRUCTURE PRIVATE LIMITED S 152812 29.61
12/4/2010 526133 Supertex Inds SUPER INFINCON PVT LTD B 984099 3.72
12/4/2010 503310 Swan Mills VIDEOCON INDUSTRIES LIMITED B 603507 162.79
12/4/2010 570001 TATAMOTORS-DVR-A-ORDY SUNDARAM BNP PARIBAS B 510691 474.98
12/4/2010 570001 TATAMOTORS-DVR-A-ORDY IFCI LTD S 1179819 475.23
12/4/2010 532358 Teledata Info EDELWEISS ESTATES P LTD B 999126 6.41
12/4/2010 532765 Usher Agro ARIHANT FINSEC LIMITED B 200000 64.23
12/4/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN B 44349 44.48
12/4/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN S 44349 45.91
12/4/2010 531574 VAS Infra RAJESHGOPAL KRISHNA RATHI S 68058 63.40
12/4/2010 531574 VAS Infra SUKETU JAYENDRARAY SHUKLA S 76500 63.03
12/4/2010 531950 Vertex Sec PRAVIN S MARCHANDE B 30000 54.20
12/4/2010 531950 Vertex Sec AJAY GHANSHYAM SHIVLANI B 40000 54.20
12/4/2010 531950 Vertex Sec PANKAJ HARSHVARDHAN VAKIL B 45000 54.20
12/4/2010 531950 Vertex Sec TRANSWARRANTY FINANCE LIMITED S 200000 54.20
12/4/2010 530961 Vikas Globalone VIKAS GARG B 75000 32.50
12/4/2010 530961 Vikas Globalone AMITA GUPTA S 75000 32.50
12/4/2010 531396 Women Networks NARENDRA KUMAR SURANA B 46000 28.83
12/4/2010 531396 Women Networks SANJU KABRA B 40884 27.74
12/4/2010 531396 Women Networks ROHIT DUGAR S 19074 27.70
12/4/2010 531396 Women Networks SANJAY KUMAR PUGALIA S 20000 28.36
12/4/2010 531396 Women Networks SANJU KABRA S 41884 28.91
12/4/2010 531364 Zenu Infotech VIDYA MAHESH CHALKE B 39725 24.17
12/4/2010 531364 Zenu Infotech EMMA AUTO ANCILLARY PRIVATE LTD S 54104 23.58
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Apr 12 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-APR-2010,AMARAJABAT,Amara Raja Batt Ltd,MANISH VRAJLAL SARVAIYA,BUY,464038,182.36,-
12-APR-2010,BAGFILMS,B.A.G Films and Media Ltd,SAFFRON FINANCE LIMITED,BUY,833238,29.20,-
12-APR-2010,DCM,DCM Ltd,PRIMORE SOLUTIONS PVT.LTD,BUY,48713,64.71,-
12-APR-2010,DECCANCE,Deccan Cements Ltd,VIDEOCON INDUSRTIES LTD.,BUY,345000,189.48,-
12-APR-2010,DSKULKARNI,DS Kulkarni Dev. Ltd.,BP FINTRADE PRIVATE LIMITED,BUY,132625,79.10,-
12-APR-2010,DSKULKARNI,DS Kulkarni Dev. Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,202384,77.75,-
12-APR-2010,ENERGYDEV,Energy Development Compan,BP FINTRADE PRIVATE LIMITED,BUY,175987,71.72,-
12-APR-2010,ENERGYDEV,Energy Development Compan,MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED,BUY,214172,72.62,-
12-APR-2010,FCSSOFT,FCS Software Solutions Li,PUMARTH INFRASTRUCTURE PVT. LTD.,BUY,3000000,5.72,-
12-APR-2010,GEMINI,Gemini Communication Limi,MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED,BUY,480034,35.08,-
12-APR-2010,GLOBUSSPR,Globus Spirits Limited,KAMAL KUMAR DUGAR & CO (PROP) KAMAL KUM,BUY,107215,148.29,-
12-APR-2010,INDBANK,INDBANK MERCHANT BANKING,VIDEOCON INDUSRTIES LTD.,BUY,315700,16.21,-
12-APR-2010,IOLN,IOL Netcom Limited,VIDEOCON INDUSRTIES LTD.,BUY,567374,28.33,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,164305,155.30,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ARCHITA C GADA,BUY,158404,154.93,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ATHENA COMMERCIAL PVT LTD,BUY,375000,147.08,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,AUM SECURITIES PRIVATE LTD.,BUY,82500,159.27,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BABY. R,BUY,124500,158.47,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BLUE PEACOCK SECURITIES PVT LT,BUY,192750,158.44,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BP FINTRADE PRIVATE LIMITED,BUY,253740,157.14,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,C D INTEGRATED SERVICES LTD.,BUY,186027,154.71,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,76264,154.45,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,614815,153.01,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,DEEPAK SHANTILAL CHHEDA,BUY,121973,157.18,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,DINESH MUNJAL(HUF),BUY,344953,157.25,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,G RAMAKRISHNA,BUY,104000,155.95,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1462384,156.73,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,BUY,74310,152.31,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,INDIA ADVANTAGE SECURITIES LTD.,BUY,185414,156.69,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,JMP SECURITIES PVT LTD,BUY,149381,160.03,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,490397,155.89,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,LAXMI GOVIND KULKARNI,BUY,103000,159.36,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,478810,155.05,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,333289,155.88,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MUKUL RAMVALLABH TIBREWALA,BUY,83034,156.13,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,309830,156.99,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,OM INVESTMENTS,BUY,159453,156.22,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,OPG SECURITIES PVT. LTD.,BUY,163376,155.26,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,PRASHANT JAYANTILAL PATEL,BUY,114978,157.66,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,PRB SECURITIES PRIVATE LTD.,BUY,137667,148.60,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,R APPALA RAJU,BUY,282000,156.27,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,R.M. SHARE TRADING PVT LTD,BUY,162029,156.12,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,RAJAN R SHAH,BUY,111796,155.31,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,RASHI INVESTMENT,BUY,112500,156.95,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SANDIP RASIKLAL SHAH HUF,BUY,75259,160.01,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SANJAY BHANWARLAL JAIN,BUY,94202,157.23,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SHAIL INVESTMENTS PVT. LTD.,BUY,150000,156.09,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SHANTI MANAGEMENT,BUY,81917,159.71,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SMITA M PATEL,BUY,88608,157.27,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SUKETU PRAVINKUMAR VASAVADA,BUY,76400,155.30,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SURBHI TRADING CO, PVT LTD,BUY,883186,147.57,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SURESH CHAND S JAIN,BUY,84228,154.88,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SUSHIL FINANCIAL SERVICES PRIVATE LIMITED,BUY,127774,158.26,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,119727,157.96,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,TRIPTI SINGHVI,BUY,130001,157.47,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,BUY,143500,154.66,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VINODKUMAR BAJAJ & CO. HUF,BUY,75000,155.50,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VRG SECURITIES PVT LTD,BUY,116550,158.86,-
12-APR-2010,MAXWELL,Maxwell Industries Ltd.,VIDEOCON INDUSRTIES LTD.,BUY,1217000,20.50,-
12-APR-2010,NILKAMAL,Nilkamal Limited,MANISH VRAJLAL SARVAIYA,BUY,97037,278.90,-
12-APR-2010,OMNITECH,Omnitech Infosolutions Li,AJMERA SHARES TRADING PVT LTD,BUY,103563,195.70,-
12-APR-2010,OMNITECH,Omnitech Infosolutions Li,DESAI SANJAY N,BUY,75000,195.11,-
12-APR-2010,PBAINFRA,PBA Infrstructure Limited,JINESH AJITKUMAR JAIN,BUY,89438,94.95,-
12-APR-2010,PRIMESECU,Prime Securities Limited,VIDEOCON INDUSRTIES LTD.,BUY,853158,38.62,-
12-APR-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SAFFRON FINANCE LIMITED,BUY,4473822,12.71,-
12-APR-2010,TELEDATAIT,Teledata Technology Solut,S V ENTERPRISES,BUY,3905793,3.82,-
12-APR-2010,AMARAJABAT,Amara Raja Batt Ltd,MANISH VRAJLAL SARVAIYA,SELL,434038,181.53,-
12-APR-2010,ATLANTA,Atlanta Limited,KAN SINGH RATHORE,SELL,85000,247.38,-
12-APR-2010,BAGFILMS,B.A.G Films and Media Ltd,SAFFRON FINANCE LIMITED,SELL,833238,29.08,-
12-APR-2010,BIRLAPOWER,Birla Power Solutions Ltd,INDIA FOCUS CARDINAL FUND DR,SELL,7000000,3.20,-
12-APR-2010,DCM,DCM Ltd,PRIMORE SOLUTIONS PVT.LTD,SELL,87039,66.41,-
12-APR-2010,DECCANCE,Deccan Cements Ltd,EVANS FRASER AND COMPANY(INDIA)LTD,SELL,177270,186.00,-
12-APR-2010,DECCANCE,Deccan Cements Ltd,VALUE INDUSTRIIES LIMITED ,SELL,167730,193.16,-
12-APR-2010,DSKULKARNI,DS Kulkarni Dev. Ltd.,BP FINTRADE PRIVATE LIMITED,SELL,132425,79.04,-
12-APR-2010,DSKULKARNI,DS Kulkarni Dev. Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,202384,78.13,-
12-APR-2010,ENERGYDEV,Energy Development Compan,BP FINTRADE PRIVATE LIMITED,SELL,160263,71.57,-
12-APR-2010,ENERGYDEV,Energy Development Compan,MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED,SELL,195589,72.62,-
12-APR-2010,FCSSOFT,FCS Software Solutions Li,PUMARTH INFRASTRUCTURE PVT. LTD.,SELL,300000,5.90,-
12-APR-2010,GEMINI,Gemini Communication Limi,MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED,SELL,706139,35.10,-
12-APR-2010,GLOBUSSPR,Globus Spirits Limited,KAMAL KUMAR DUGAR & CO (PROP) KAMAL KUM,SELL,107215,149.18,-
12-APR-2010,IOLN,IOL Netcom Limited,SHREE DHOOT TREDING AND AGENCIES LTD,SELL,554874,28.35,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,164305,155.62,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ARCHITA C GADA,SELL,158404,155.34,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,ATHENA COMMERCIAL PVT LTD,SELL,175000,158.38,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,AUM SECURITIES PRIVATE LTD.,SELL,82500,157.12,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,AVATAR OPPORTUNITIES FUND,SELL,75441,147.50,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BABY. R,SELL,124500,153.76,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BLUE PEACOCK SECURITIES PVT LT,SELL,192750,156.70,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,BP FINTRADE PRIVATE LIMITED,SELL,253240,158.61,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,C D INTEGRATED SERVICES LTD.,SELL,186027,154.92,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,76264,152.96,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,614640,152.87,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,DEEPAK SHANTILAL CHHEDA,SELL,121973,157.13,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,DINESH MUNJAL(HUF),SELL,344953,157.53,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,G RAMAKRISHNA,SELL,104000,156.84,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1462384,156.65,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,GHALLA BHANSALI STOCK BROKERS PRIVATE LIMITED,SELL,74310,152.21,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,INDIA ADVANTAGE SECURITIES LTD.,SELL,185414,156.81,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,JMP SECURITIES PVT LTD,SELL,58314,161.29,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,490397,156.08,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,LAXMI GOVIND KULKARNI,SELL,103000,153.13,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,478810,155.45,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,333289,156.38,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,MUKUL RAMVALLABH TIBREWALA,SELL,82733,155.85,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,294630,156.50,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,OM INVESTMENTS,SELL,159453,156.34,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,OPG SECURITIES PVT. LTD.,SELL,163376,155.80,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,PRASHANT JAYANTILAL PATEL,SELL,114978,156.79,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,PRB SECURITIES PRIVATE LTD.,SELL,137667,148.87,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,R APPALA RAJU,SELL,282000,156.05,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,R.M. SHARE TRADING PVT LTD,SELL,162029,155.50,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,RAJAN R SHAH,SELL,111796,155.41,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SANDIP RASIKLAL SHAH HUF,SELL,75259,150.46,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SANJAY BHANWARLAL JAIN,SELL,94202,157.56,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SHANTI MANAGEMENT,SELL,81917,159.30,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SMITA M PATEL,SELL,83608,157.39,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SUKETU PRAVINKUMAR VASAVADA,SELL,76400,155.39,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SURBHI TRADING CO, PVT LTD,SELL,593186,160.46,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SURESH CHAND S JAIN,SELL,84228,158.64,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,SUSHIL FINANCIAL SERVICES PRIVATE LIMITED,SELL,127774,158.11,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,117727,157.24,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,TRIPTI SINGHVI,SELL,129001,153.39,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,SELL,143500,157.68,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VINODKUMAR BAJAJ & CO. HUF,SELL,75000,147.91,-
12-APR-2010,ISFT,Intrasoft Tech. Ltd,VRG SECURITIES PVT LTD,SELL,116550,153.14,-
12-APR-2010,MAXWELL,Maxwell Industries Ltd.,EVANS FRASER AND COMPANY(INDIA)LTD,SELL,1217000,20.50,-
12-APR-2010,NILKAMAL,Nilkamal Limited,MANISH VRAJLAL SARVAIYA,SELL,97037,278.97,-
12-APR-2010,OMNITECH,Omnitech Infosolutions Li,AJMERA SHARES TRADING PVT LTD,SELL,103563,196.42,-
12-APR-2010,OMNITECH,Omnitech Infosolutions Li,DESAI SANJAY N,SELL,75000,195.67,-
12-APR-2010,PBAINFRA,PBA Infrstructure Limited,JINESH AJITKUMAR JAIN,SELL,87938,94.92,-
12-APR-2010,PRIMESECU,Prime Securities Limited,DOMEBELL ELECTRONICS INDIA PVT.LTD,SELL,685658,38.60,-
12-APR-2010,PRIMESECU,Prime Securities Limited,SHREE DHOOT TREDING AND AGENCIES LTD,SELL,167500,38.70,-
12-APR-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SAFFRON FINANCE LIMITED,SELL,4351605,12.50,-
12-APR-2010,TATAMTRDVR,Tata Motors DVR 'A' Ord,IFCI LTD,SELL,333155,475.11,-
12-APR-2010,TELEDATAIT,Teledata Technology Solut,S V ENTERPRISES,SELL,3718363,3.90,-
February IIP weighs market down
Today's major news
Lacklustre debut for Intrasoft Technologies, the stock closed 9.90% higher.
Index of Industrial Production (IIP) grows 15.1% in February, lower than Bloomberg’s estimate of 16%
Insurance Regulatory and Development Authority (IRDA) rejects Securities and Exchange Board of India (SEBI)’s ban on unit-linked insurance plans (ULIPS) offered by insurance companies
Click here for more stories
Global signals
With Euro zone approving euro 30 billion emergency aid mechanism for Greece unanimously, European markets were trading flat after erasing morning gains. As of writing this report, FTSE 100 was trading 0.04% lower.
Major Asian indices had a mixed outing—Shanghai Composite (China), Hang Seng (Hong Kong) and Kospi (Korea) closed in red while Nikkei (Japan), Jakarta Composite (Malaysia) and Straits Times (Singapore) closed in green. SGX Nifty closed 18 points lower.
US stock futures point to a higher start for the Wall Street on Monday as Eurozone finance ministers approved a massive aid plan for Greece. Investors keep an eye on earning of aluminium major Alcoa.
Indian indices
Below expectation IIP numbers for February and SEBI—IRDA spat over ULIP offering by insurance companies, combined with mixed Asian markets and continued selling in capital goods, automobile and banking stocks shrugged off positives like Euro zone approving euro 30 billion emergency aid mechanism for Greece and encouraging US retail sales, home stats and recovering job market to push market back home lower. Banking stocks edged lower on news that the Reserve Bank of India (RBI) may tighten its monetary policy in the upcoming policy review scheduled on April 20.
The Sensex that opened 59 points lower (at 17874) soon turned positive to touch the day’s high (17995) before plunging to negative territory again. However, at noon, the market pared the losses and turned positive, but in post-lunch session, the Sensex turned negative to touch the day’s low of 17816 before closing at 17853, around 80 points lower than the previous close, while Nifty closed 22 points lower at 5340.
Market sentiment
Despite a negative closing, the market breadth was slightly positive as advancing stocks outdid declining stocks. Of the 2,968 stocks traded on the BSE, 1,583 stocks advanced, whereas 1,302 stocks declined. Eighty three stocks closed unchanged.
Sectoral & stock screening
Of the 13 sector indices on BSE, BSE FMCG led the chart of toppers with gains of 0.70% followed by BSE Realty that surged 0.57%. On the other hand BSE CG fell the most with loss of 1.25% followed by BSE Auto that declined 0.85% and BSE Bankex that quoted 0.84% down.
On stocks’ front, Balrampur Chini Mills was the star stock of the day posting gains of 5.58% followed by Jet Airways that surged 3.73% and Indiabulls Financial that rose 3.58%. Banking stocks were hit the worst with Allahabad Bank (down 3.61%), Bank of Baroda (slid 3.43%) and Central bank of India (declined 3.33%) occupying the top three slots in the losers’ chart.
Viewing volumes
India's second biggest realty company Unitech saw the highest trading with over 0.52 crore shares changing hands on BSE followed by Ispat Industries (0.30 crore shares), industrial finance company IFCI (0.30 crore shares), GVK Power and Infrastructure (0.25 crore shares) and wind turbine major Suzlon Energy (0.23 crore shares).
Turnover declines
Nifty April 2010 futures at premium
Nifty April 2010 futures were at 5,349.20, at a premium of 9.50 points over spot closing of 5,339.70. Turnover in NSE's futures & options (F&O) segment was Rs 66,287.59 crore, lower than Rs 68,866.12 crore on Friday, 9 April 2010.
ICICI Bank April 2010 futures were at premium at 964 compared to the spot closing of 961.25.
Infosys Technologies April 2010 futures were at a slight premium at 2690 compared to the spot closing of 2688.
Tata Motors April 2010 futures were at discount at 777.50 compared to the spot closing of 780.85.
In the cash market, the S&P CNX Nifty fell 22.05 points or 0.41% at 5,339.70.
Asia mostly upbeat on Greece bailout plans
Euro surges to three-week highs, helping risk appetite
It turned out to be a stronger Monday for the Asian stocks, as the investors cheered the media reports of a EU bailout for Greece. The euro gained today for a third day against the dollar and stronger commodities spurred the hopes of the equities extending their recent gains. The world stocks have been gaining in the last few days on idea that the stronger global economic growth would keep the sentiments upbeat and even as a busy earrings season gets off to a start, there is still some upside potential for the risky assets. However, overheating worries in China kept the Chinese stocks under check, making the markets extend their recent slide.
The Euro finance ministers holding emergency talks on Sunday agreed to fund up to 30 billion euros of emergency loans to debt-stricken Greece, at interest rates of around five %. The euro surged against the dollar and yen on these reports and ticked up right from the start. The single currently broke above 1.3600 to top a three-week high amid the early London trades. Under the EU agreement, euro-zone nations will provide up to EUR30 billion for the country in the first year of any support programs. Greece would pay an interest rate of around 5% for a three-year loan program, well below the interest rate of more than 7% on Greek sovereign debt last week.
The Australian stocks jumped on the first day of the new trading week, lifted by resource related stocks on optimism about economic recovery. Positive closing on Wall Street in the previous session on Friday with Dow Index ending near the psychological 11,000-mark and the announcement of a bailout package from European Union to assist Greece also lifted market sentiment. The All Ordinaries Index surged past the 5,000-mark for the first time in 18 months. The benchmark S&P/ASX200 Index gained 36.20 points, or 0.73% to close at 4,984, while the All-Ordinaries Index ended at 5,012, representing a gain of 38.70 points, or 0.78%.
A report released by the Australian Bureau of Statistics revealed that the total value of home loans extended in the country were down a seasonally adjusted 3.4% month-on-month to A$20.49 billion in February. As per the report, the number of home loans extended, in volume terms, decreased 1.8% to 50,287 in February. The report further noted that the volume of loans extended for the construction of new dwellings were down 3%, and those for the purchase of established dwellings were down 1.8%. Home loans for the purchase of new dwellings were up 0.7%.
The stock market in Japan also ended up, adding to its recent flurry of gains. , lifted by exporters on weaker local currency, especially against the Euro and the Dollar Positive closing on Wall Street in the previous session on Friday, finalization of a package by EU to extend assistance to Greece and positive trading across other markets in the region lifted market sentiment. Export stocks advanced on optimism that the global economic recovery will continue to sustain the pace and momentum. The benchmark Nikkei 225 Index rose 47.56 points, or 0.4%, to 11,252, while the broader Topix index of all First Section issues advanced 5.36 points, or 0.5%, to 995.
On the economic front, minutes of the recently concluded Bank of Japan monetary policy board meeting held on March 16-17 revealed that the members of the policy board were surprised at how quickly the global economy was showing signs of improvement, while expressing concerns that the recovery could remain fragile. The board members conceded that uncertainty remains high regarding the outlook for capital spending, but they agreed that private consumption would remain flat and that deflationary pressures would begin to moderate.
In a separate statement, the Bank of Japan revealed that the country's M3 money stock increased 2% year-on-year in March, in line with analysts' expectations, following similar increase in the previous month. The statement further noted that the value of M2 money stock plus CDs was up 2.6% on year, roughly in line with expectations for a 2.7% annual increase following the 2.7% gain in the previous month.
Additionally, the Bank of Japan stated that bank lending in the country declined 2.0% on year in March, after shedding an annual 1.6% in February. The central bank further noted that bank lending, including trusts, declined 1.8% on year after shedding an annual 1.5% in the previous month. Adjusted bank lending was down 1.7% on year after retreating an annual 1.3% in February.
Chinese stocks slipped though. The main stock index closed down 0.51, pressured by a tumble in the property sector after the country's top banking regulator ordered banks to take fresh steps to rein in risky lending to land developers. The Shanghai Composite Index closed at 3,129.263 points. The Shanghai property index slumped 2.57 %. China's banking regulator told lenders to report on their risk exposure to borrowers including local government companies by the end of June to help prevent the nation's record credit boom from causing more bad loans.
Lending by Chinese banks fell 43 % in the first quarter from a year earlier as the government winds down its stimulus and tries to cool a credit boom while keeping its recovery on track, central bank data showed Monday.
Banks lent 2.6 trillion yuan in the January-March quarter, the People's Bank of China said on its Web site. That compared with 4.6 trillion yuan ($670.6 billion) in loans in the first quarter of 2009 as banks ramped up loans for construction and other projects as part of a 4 trillion yuan ($586 billion) stimulus. However, this slowing down may still not be good enough to curb the runaway rally in asset prices, which has clearly bought out he overheating concerns in the world's fastest growing economy.
Over the weekend, the government reported China ran its first trade deficit in nearly six years in March, as a surge in imports outpaced export growth. Officials said the trend was likely to be short-lived but signaled a return to more balanced trade after years of massive surpluses.
In Mumbai, a spat between regulators on oversight of unit linked insurance products or Ulips weighed on the domestic bourses in what was a volatile trading session. BSE 30-share Sensex was down 68.17 points or 0.38% to 17,864.97 as per provisional figures. The Sensex rose 62.11 points at the day's high of 17,995.25 in early trade. The index fell 116.95 points at the day's low of 17816.19 in mid-afternoon trade.
The market bounced back soon after opening with a downward gap. The market slipped into the red shortly. The market came off the lower level after hitting a fresh intraday low in morning trade. The intraday recovery gathered further steam later, with the key indices turning positive in afternoon trade tracking gains in European stocks. But the market soon slipped into the red. The market hit a fresh intraday low in mid-afternoon trade. It came off the lower level later.
In other markets, Seoul Composite ended at 1,710, down 14 points or 0.8%, while Straits Times is at 2,974, higher by two points and Taiwan Weighted closed at 8,117, up 25 points or 0.3%.
Crude oil slipped after initial gains as prices fell to break above $86 per barrel levels. The commodity started off well but turned lower after hitting a high of %85.71 per barrel. The prices had hit a fresh 18-month peak above $87 per barrel last week, as sentiments remained strong despite comfortable inventories and the strong undertone in the US dollar. The benchmark West Texas Intermediate contract settled at $84.92 a barrel on 9th April after surging above $87 a barrel early in the week and then declining for three straight sessions.
Copper ends relatively flat at Comex
Copper ends relatively flat at Comex
Base metal prices ended higher at LME on Friday, 09 April 2010. But at Comex, copper prices ended almost flat.
At USA, copper futures for May delivery ended marginally lower at $3.59 a pound on Friday. For the week, prices were almost unchanged. 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 8.5%.
Prices have almost doubled in the past twelve months due to higher imports from China. Copper ended FY 2009 higher by 140%.
On Friday, at LME, copper for delivery in three months ended higher by $35 (0.9%) at $7,965. Prices crossed the $8,000 mark for first time since 2008 last Tuesday, 6 April. On 3 July, 2008, prices had touched an all time intra day high of $8,940.
In the currency market on Friday, the dollar index, which measures the strength of the dollar against basket of six other currencies fell by almost 0.4%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter. The dollar index has gained 5% this year till date.
Fitch Ratings on Friday downgraded Greece's credit ratings to the lowest ring of investment-grade ratings, BBB minus. A downgrade for Greece heightened concerns about the euro-zone countries and the global economic recovery, thereby affecting commodity prices.
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%.
Among other metals traded in the LME on Friday, lead ended 1% higher at $2,312 a ton and zinc ended 0.9% higher at $2,402 a ton. Nickel ended 1.5% higher at $25,080. Aluminum ended 0.9% higher at $2,378.5 a ton.
Controversy over Ulips to hit stocks
A spat between two regulators on oversight of unit linked insurance products or Ulips will cast its shadow on the bourses today, 12 April 2010. A large chunk of funds raised through Ulips are invested in equities. On the macro front, the government will today announce the industrial output data for the month of March 2010.
The battle between the two regulators -- insurance regulator the Insurance Regulatory and Development Authority of India (Irda) and stock market regulator Securities and Exchange Board of India came out into the open late last week after Sebi barred 14 insurance firms from selling Ulip without its approval. The Sebi order was issued after trading hours on Friday, 9 April 2010.
But the next day the Irda told the insurance firms to continue selling Ulips. Ulips are products similar to mutual funds with an added life cover.
Media reports suggest that the government may be compelled to intervene to resolve the impasse considering that some insurers are considering approaching the court following the Sebi diktat and also taking into account the fact that the sovereign is the guarantor of every policy sold by the country's biggest insurer, the state-owned Life Insurance Corporation of India.
Asian stocks were mostly higher on Monday, boosted by news the European Union had agreed on Sunday to details of a rescue package if the Greek government needs one. The key benchmark indices in China, Hong Kong, Japan, Indonesia, Singapore and Taiwan rose by between 0.08% to 1.12%. But, South Korea's Kospi fell 0.49%.
The Bank of Korea raised its economic growth expectations Monday to a rise of 5.2% in 2010, compared to the central bank's anticipated 4.6% expansion tipped in December.
US stocks rose on Friday with the Dow surpassing 11,000 for the first time in a year-and-a-half after Chevron's upbeat outlook and wholesale inventories data reinforced bets on an improving economy. The Dow briefly surpassed the psychologically important 11,000 mark late in the session for the first time since September 2008, when Wall Street was reeling from the credit meltdown, though the index closed a shade below that milestone.
Data showed US wholesale inventories rose more than expected in February and sales at wholesalers reached their highest level in 16 months, brightening prospects for first-quarter economic and earnings growth. The Dow Jones industrial average gained 70.28 points, or 0.64%, to end at 10,997.35. The Standard & Poor's 500 Index rose 7.93 points, or 0.67%, to 1,194.37. The Nasdaq Composite Index added 17.24 points, or 0.71%, to 2,454.05.
Euro zone finance ministers approved a giant 30-billion-euro ($40.12 billion) emergency aid mechanism for debt-plagued Greece on Sunday but stressed Greece had not requested the plan be activated yet. Together with at least 10 billion euros expected from the International Monetary Fund in the first year, it could add up to the biggest multilateral financial rescue ever attempted.
Expectations of good fourth quarter result by India Inc and heavy foreign fund inflows boosted the domestic bourses in the past few weeks with the key benchmark indices surging to their highest level in more than 25 months on Wednesday, 7 April 2010.
The market is entering an important period of quarterly earnings, with IT bellwether Infosys kickstarting the reporting season on Tuesday, 13 April 2010. The Q4 March 2010 results and management commentary on outlook could result in revision in earnings estimates of India Inc by analysts for the year ending March 2011 (FY 2011).
The forecast for the southwest monsoon for 2010 is the next major trigger for the market. Good rains this year after last year's drought will boost farm output and rural incomes. But another monsoon failure will add to inflationary pressure which in turn may hamper the current strong economic rebound. The 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.
But abnormally hot weather and lower than expected rains are reportedly raising the spectre of India facing another water shortage in the coming kharif season, reports suggest. Rains were 66% lower than normal in March.
The key benchmark indices recouped most of the previous day's losses on Friday 9 April 2010 as world stocks rose on strong US retail sales data. The BSE 30-share Sensex rose 218.74 points or 1.23% to 17,933.14.
As per provisional figures on NSE, foreign funds bought shares worth Rs 233.09 crore and domestic funds sold shares worth Rs 66.46 crore on Friday.
Grey Market Premiums - Infrasoft Technologies
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Infrasoft Technology | 145 | 7 to 10 |
| Goenka Diamond & Jewellery | 135 | Discount |
IntraSoft Technologies to debut on bourses
Shares of IntraSoft Technologies will debut on the stock exchanges today, 12 April 2010. The company had priced its initial public offer (IPO) at the higher end of the Rs 137 to Rs 145 per share price band.
Tata Motors is reportedly planning to sell part of its shareholding in Tata Cummins, a diesel engine joint venture, as it explores options to divest non-core assets to reduce debt.
Key shareholders of budget airline SpiceJet have reportedly rejected an offer by the Reliance Anil Dhirubhai Ambani Group to pick up a 51% stake in the airline for Rs 40 - 45 a share.
Reliance Infrastructure reportedly expects the governments in Gujarat and Andhra Pradesh to invite bids to develop regional airports it is interested in taking up.
A team from the US oil major, Exxon Mobil, is reortedly set to assess the eastern offshore asset of ONGC for a possible tie-up.
Newspaper publisher D B Corp will demerge its FM Radio business and merge Bhaskar Publication & Allied with itself. It has set up a committee of directors to examine the feasibility of restructuring the organisation.
The government has reportedly launched discussions between ministries about opening multi-brand retail to foreign direct investment.
The Comptroller and Auditor General (CAG) has reportedly found a series of violations on the part of telecom minister A Raja in awarding unified access service licenses to eight companies in January 2008.
Healthy gains at Wall Street
Dow manages to hit the psychological 11,000 mark
US stocks registered gains for sixth straight week that ended on Friday, 09 April, 2010. Economic reports and a few earning reports dominated the week. News about Greece and other geo political tensions made the main headlines. Medium and small cap stocks led the upward move. The Dow managed to hit the psychological 11,000 level just before the close on Friday.
For the week, that ended on Friday, 09 April, 2010, Dow ended higher by 70.28 points (0.6%) at 10,997.35. Nasdaq ended higher by 51.47 points (2.1%) at 2454.05. S&P 500 gained 16.27 points (1.4%) at 1194.37. Seven of ten economic sectors ended higher led by substantial gains in financial and consumer discretionary sectors.
The major averages began the week on a positive note on the heels of positive economic data. The only notable sell-off for the week occurred on Wednesday, 7 April, afternoon. It began following a speech by Fed Chairman Ben Bernanke. But the minutes had no surprises and long term impact on the market. Headlines about Greece circulated all week. They weighed on equities Thursday, 8 April but were not enough to keep the major averages lower.
The economic reports during the week had limited impact on trading. Latest report showed that consumer credit in February fell by $11.5 billion. It was expected to contract by just $0.7 billion. Consumer credit for the prior month was revised upward to a $10.6 billion increase from a $5.0 billion increase.
On Friday, 09 April, 2010, stocks spent the majority of the session broadly higher, but overall gains were held in check amid persistent wariness about the financial health of Greece. Fitch Ratings on Friday downgraded Greece's credit ratings to the lowest ring of investment-grade ratings, BBB minus. A downgrade for Greece heightened concerns about the euro-zone countries and the global economic recovery, thereby affecting commodity prices.
On that day, the Dow Jones Industrial Average ended higher by 70.28 points at 10,997.35. Nasdaq ended higher by 17.24 points at 2454.05. S&P 500 ended higher by 7.93 points at 1194.37. All ten economic sectors ended higher for the day led by energy, telecom and consumer discretionary sectors.
Despite pronounced weakness in the dollar, gains in the broader market remained contained until the close came within reach. However, a late surge in buying sent stocks to fresh 52-week highs in the face of suggestions that the stock market is near-term overbought. The Dow even kissed 11,000, but it settled just a few points below that psychological line.
Advancing issues outnumbered decliners in the Dow by 4-to-1. Chevron was the main Dow winner for the day after it issued an interim update. On the other hand, Alcoa was the main laggard after the company received a downgrade at JP Morgan Chase.
Crude oil prices dropped for the third straight day on Friday, 09 April 2010. Prices pared all its early gains due to demand concerns as concerns regarding global recovery resurfaced once again and as the dollar weakened.
On Friday, crude-oil futures for light sweet crude for May delivery closed at $84.92/barrel (lower by $0.55 or 0.5%). During intra day trading, prices rose to a high of $86.45. For the week, crude ended higher by just 0.6%. 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 6.8%.
In the currency market on Friday, the dollar index, which measures the strength of the dollar against basket of six other currencies fell by almost 0.4%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter. The dollar index has gained 5% this year till date.
Elsewhere, natural gas for May delivery gained 16 cents, or 4.1%, to settle at $4.07 per million British thermal units. Prices have gained 0.8% for the week.
Indian ADRs ended mixed on Friday. HDFC Bank and ICICI Bank were main winners soaring 2.3% and 2.2% respectively. Tata Motors too gained 3.2%.
For the year, Dow, Nasdaq and S&P 500 are higher by 5.5%, 8.1% and 7.1% respectively.
Looking ahead to next week, the first quarter earnings season will kick off with a number of big names, including Alcoa, Intel, JPMorgan Chase, Google, Bank of America and General Electric. The economic calendar will be busy later in the week, with CPI, Retail Sales and the Fed's Beige Book on Wednesday and Industrial Production on Thursday.
Crude drops for third straight day
Prices manage to eke out little weekly gains
Crude oil prices dropped for the third straight day on Friday, 09 April 2010. Prices pared all its early gains due to demand concerns as concerns regarding global recovery resurfaced once again and as the dollar weakened.
On Friday, crude-oil futures for light sweet crude for May delivery closed at $84.92/barrel (lower by $0.55 or 0.5%). During intra day trading, prices rose to a high of $86.45. For the week, crude ended higher by just 0.6%. 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 6.8%.
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. However, oil has also gained nearly 155% 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 Friday, the dollar index, which measures the strength of the dollar against basket of six other currencies fell by almost 0.4%. The dollar index gained about 0.7% in March and rallied 4% during the first quarter. The dollar index has gained 5% this year till date.
Fitch Ratings on Friday downgraded Greece's credit ratings to the lowest ring of investment-grade ratings, BBB minus. A downgrade for Greece heightened concerns about the euro-zone countries and the global economic recovery, thereby affecting commodity prices.
During the week, the EIA reported an increase in crude stockpiles of 2 million barrels in the week ended 2 April against an expected figure of 1.5 million barrels. It was the 10th consecutive increase in oil supplies. The EIA also reported a decrease in gasoline inventories of 2.5 million barrels. The agency reported an increase in distillates, which include heating oil and diesel, of 1.1 million barrels. The refinery use was also bearish for prices, coming in as 84.5% of capacity, or a nearly 2% increase.
Elsewhere, natural gas for May delivery gained 16 cents, or 4.1%, to settle at $4.07 per million British thermal units. Prices have gained 0.8% for the week.
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.
Elecon Engineering Company
Investors with medium-term perspective can consider investing in the stock of Elecon Engineering Company (Rs 81.5).
The stock was on an intermediate-term uptrend from March 2009 low around Rs 25 till it encountered resistance at Rs 110 in October. Its decline from that peak was arrested in the significant support band between Rs 70 and Rs 73 in mid March.
Positive divergence displayed in the daily moving average convergence and divergence indicator triggered the stock's up move from the aforementioned band. For the past three weeks the stock has been on a nascent short-term uptrend. While trending higher, it breached its 21- and 50-day moving averages last week.
Moreover, the stock made a weekly gain of 9 per cent accompanied with high volume. With this gain the stock has breached its downtrend line in the weekly chart. The daily relative strength index is featuring in the bullish zone and weekly RSI heading towards this zone in the neutral region. After signalling a buy, the daily moving average convergence and divergence indicator is on the brink of entering into the positive territory, implying a positive outlook for this stock.
We are bullish on Elecon Engineering from a medium-term perspective. We believe that it has the potential to rally towards the price target of Rs 98 in the coming weeks. Investors with medium-term perspective can consider buying the stock with stop-loss at Rs 73. Short-term traders can buy with target of Rs 89 and the stop-loss is Rs 77.5
Follow up - Network 18 Media and Investments (Rs 139.3)
The stock gained 12.7 per cent last week and has achieved our short-term target. It is currently in the process of heading towards our medium-term target of Rs 150. We reiterate our medium-term bullish outlook on the stock. Investors with medium-term perspective can consider holding the stock while maintaining a revised stop-loss at Rs 120 level.
via BL
Daily News Roundup - Apr 12 2010
Reliance Industries has entered the US gas exploration market through a JV with Atlas Energy in a deal valued at US$1.7bn. (BL)
Reliance Industries finds more reserves in KG-D6 block, it may contain 1-2 trillion cubic feet of reserves. (ET)
A team from ExxonMobil is set to assess the eastern offshore asset of ONGC for a possible partnership. (BL)
Maruti Suzuki invests Rs2.9bn in upgrading its hatchback WagonR that will be rolled out from a new platform with a new engine by the end of this month. (BS)
GMR Infrastructure plans to raise up to Rs5bn through the issue of unsecured non-convertible debentures on private placement basis. (BS)
Tata Motors plans to sell part of its shareholding in Tata Cummins, a diesel engine joint venture company. (ET)
Reliance Industries is likely to tie-up with Japanese firm Mitsui as an investor in its Special Economic Zone project in Haryana. (ET)
Centum Learning, the training and education arm of the Bharti group, plans to invest Rs1bn in the next three years to diversify into training school children and expanding its presence by opening campuses across the country. (BS)
Bharti Airtel to work with Ericsson, Nokia Siemens on 3G. (BS)
SAIL and Posco may seal a deal by the end of next month to set up an estimated Rs150bn steel plant in Jharkhand. (BS)
Tata Tea and Pepsico are exploring joint venture opportunities in non-carbonated ready-to-drink beverages in the health and wellness category. (BS)
Nalco receives investment approvals from the Indonesian government for its proposed Rs165bn offshore aluminium smelter-cumpower project.
SEBI approves the IPO of Glenmark Generics, the wholly owned subsidiary of Glenmark Pharmaceuticals. (ET)
Reliance Capital has made a foray into the Dubai market by commencing financial advisory business in the Gulf nation. (ET)
Corporation Bank seeks overseas companies to partner with for its entry into the general insurance business. (BS)
BHEL unit plans to re-enter the defence business. (BS)
Videocon Industries is understood to be making moves to acquire consumer electronics business of Philips India. (BS)
Reliance Infrastructure expects governments in Andhra Pradesh and Gujarat to invite bids to develop regional airports, which it is interested in taking up. (BS)
GAIL (India) says it isn’t possible to streamline the price of natural gas sourced from different fields and sell it at a uniform price to all sectors. (Mint)
C&C Construction is in talks to Hilton and Golden Tulip for a management tie-up for the Rs600mn hotel it is developing near Mohali. (BS)
GMR Energy, the power generation arm of GMR Infrastructure, finalised plan to raise US$200mn from Singapore-based Temasek Holdings. (BS)
Jet Airways plans to hike fares by 10-15% this quarter. (BS)
Ramkrishna Forgings plans to establish a castings unit for automobile components at Bidadi in Karnataka for an investment of Rs1.5-2bn. (BS)
Tube Investments acquires 17.58mn shares in Cholamandalam DBS Finance from DBS Bank, Singapore increasing its sake to 57.41% from 30.93%. (ET)
SpiceJet shareholders reject an offer by the Reliance ADA Group to pick up a 51% stake in the airline for Rs40-45 per share. (BS)
Bhushan Steel’s cold rolling project at Sankrail in West Bengal has hit a roadblock as land prices have hit the roof. (BS)
MMTC plans to open 100 outlets, including company owned, through joint venture and through stockists in the near future. (BS)
ADF Foods is eyeing a couple of overseas acquisitions in the Rs500mn - Rs1bn range. (BS)
The Airports Authority of India is entitled to charge airport development fee (ADF) and user development fee (UDF) like the developers of private airports, according to the Airport Economic Regulatory Authority (AERA) chairman. (BS)
The cement industry hit double-digit growth in 2009-10, after a gap of three years, grows 10.5%. (BS)
Foreign institutional investors and their sub-accounts will have to disclose the exact structure they use to invest in India, according to the new guidelines from SEBI. (ET)
Foreign exchange reserves rose by US$2bn to US$279.0bn for the week ended April 2 against US$277.0bn in the previous week. (ET)
Employees Provident Fund Organization will now be able to invest its funds in corporate bonds of joint sector companies where the government has a minimum 26% stake. (BL)
IRDA asks insurance companies to go ahead and sell unit-linked insurance plans, notwithstanding order of SEBI banning 14 firms from selling ULIPs. (BL)
The Ministry of Defence plans to oppose a proposal from the Ministry of Commerce and Industry to allow foreign defence corporations to establish fully-owned defence units in India. (BS)
Wait and watch policy!
One who adapts his policy to the times prospers; one whose policy clashes with the demands of the times does not. - Niccolo Machiavelli.
The public spat between SEBI and IRDA about who should regulate ULIPs could cast its ugly shadow on the sentiment. Bulls and bears may prefer to adopt a wait and watch policy despite firm global cues. The role of the Government will now take center stage and voices will get louder for a financial sector super regulator. A protracted battle and a war of words may ensue, something the markets don’t need right now.
We may still see a higher opening as most global markets have advanced since we closed trading last Friday. IIP data (to be issued today) and monthly inflation (to be released on Thursday) will be closely followed in the run up to the RBI policy next week. The IT pack will in the spotlight ahead of tomorrow’s Infosys results.
The NSE Nifty is expected to top 5400 and levels of 5500 are being talked about widely. But, the ride won’t be all that smooth and some bumps are bound to make that task more difficult for the bulls.
The Dow briefly broke through 11000, though it failed to hold above that milestone at close on Friday. Fading worries over the debt-laden Greece coupled with encouraging reports on the US economy helped European stocks rise on Friday.
Asian markets are also mostly in the green amid media reports of an EU bailout for Greece. The euro gained today for a third day against the dollar and commodities jumped after European governments unveiled a plan to halt Greece’s fiscal crisis.
The yuan is likely to remain in the spotlight this week, with expectations that Beijing is ready to let the currency rise. But we are still a long way from a full yuan float, given uncertainty on how the currency would respond.
After reaching dizzying heights upwards of 18,000 levels in the previous trading session, the BSE Sensex stumbled largely due to weak global markets. Stocks across the globe came under pressure amid fresh worries over Greeks financial condition. Part of the selling at higher levels could also be attributed to jitters surrounding high valuations. In addition, a spate of headwinds like elevated inflation, impending rise in interest rates and a fragile global economy played spoilsport. "With Greece financial woes intensifying, market players preferred to book some profit ahead of the eventful results season kicking off next week", says Amar Ambani VP Research India Infoline. Offloading was seen across the board. The Oil & Gas, Metals and the Bank stocks were among the major losers which dragged the BSE Sensex and NSE Nifty index over 300 and 90 points fro their respective 52-week highs. In addition, advance-decline ratio turned in favor of the bears for the first time in three days. Out of total 2957 stocks on the BSE, 1678 stocks declined as against 1198 advancing stocks while, 81 remained unchanged. Finally, the BSE Sensex lost 256 points to end at 17,714 and NSE Nifty fell 70 points to close at 5,304. Among the 30 components of Sensex, 19 ended in the positive terrain and 11 were in the red. Asia markets ended in the red, the Nikkei in Japan slipped 1.1%, Australia's S&P/ASX edged lower by 0.6%. Shanghai SE Composite ended lower by 0.3% and Hang Seng index in Hong Kong was down 0.3%. European indices as well were under pressure, the DAX in Germany slipped 1%, the CAC 40 index in France was down 1% and the FTSE in the UK slipped 1.1%. Coming back to India, among the BSE sectoral indices, the BSE Oil & Gas index was top loser, the index fell 2%, followed by BSE Metal index down 1.9% and Bank index down 1.6%. Even the Mid-Cap and the Small-Cap index ended in the red. On the other hand, BSE Consumer Durables index gained 2.2% and BSE Realty index added 0.6%. Outside the frontline indices, the big losers in the broader market were Central Bank, Idea, IRB Infra and Bharat Forge. On the other hand, losers included Jain Irrigation, PNB, Ispat Ind and LITL. Kotak Mahindra Bank which replaced the Cement major Grasim Industries ended marginally lower by 0.2% at Rs783. On the other hand, shares of Grasim slipped 1.7% to end at Rs2846. Shares of Sun Pharma slipped by 1.4% to end at Rs1773. The company announced that USFDA has granted its subsidiary an approval for its Abbreviated New Drug Application (ANDA) to market a generic version of GlaxoSmithKline’s Wellbutrin SR® Extended Release tablets. Shares of Moser Baer edged higher by 0.5% to end at Rs75 after the company announced the commissioning of its largest Thin Film solar farm with an installed capacity of 1 MW at Chandrapur in Maharashtra. It has been set up using amorphous silicon Thin Film technology which is best suited for the Indian climatic conditions and is connected to the 33 KVA local grid. The project will give much better returns (Rs/kWh) to the investors as compared to other technologies available in the country. Shares of Aptech surged by over 3% to end at Rs175 after the company announced that it would offer 1.7mn shares at Rs216 each to Enam Securites Pvt and 18 other buyers. That’s a 27% premium from yesterday’s closing price. The scrip opened at Rs172 it touched an intra-day high of Rs185 and a low of Rs171.5 and recorded volumes of over 0.94mn shares on BSE. Aban Offshore announced that a contract has been signed with Brunel Shell Petroleum Sendirian Berhad for the deployment of the jack-up rig Deep Driller 8 offshore Brunei for firm period of 4 years plus four optional periods of 1 year each. The estimated revenues from the firm period of the deployment is about US$159mn (equivalent to Rs7.16bn). The deployment is likely to commence during the third quarter of calendar year 2010. Shares of Aban Offshore hit a high of Rs1269 post the announcement however ended flat at Rs1246. Shares of United Spirits ended flat at Rs1336. The company yesterday announced that it has crossed the milestone of clocking a sales volume of 100mn cases for the fiscal year ended March 31, 2010. This achievement makes United Spirits the world’s second-largest spirits company by volumes, dislodging Paris-headquartered Pernod Ricard.
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