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Monday, April 26, 2010
Talwalkars Subscription Details - Allotment Chances
| Qualified Institutional Buyers (QIBs) | 35.4282 |
| Non Institutional Investors | 51.4754 |
| Retail Individual Investors (RIIs) | 8.4331 |
FIIs buy net of Rs 2.34 bn equities on Apr 26
Foreign Institutional Investors (FIIs) remained net buyers in the equity segment worth Rs 2,342.3 million on both the BSE and the NSE on Apr 26 as per provisional data available at NSE. They bought equities worth Rs 21,215.5 million and sold equities worth Rs 18,873.2 million.
While, Domestic Institutional Investors (DIIs include banks, DFIs, Insurance and MFs) turned net sellers in the equity segment worth Rs 736.9 million on both the BSE and the NSE on Apr 26, as per provisional data available at the NSE. They bought equities worth Rs 8,219.6 million and sold equities worth Rs 8,956.5 million.
Post Market Commentary - Apr 26 2010
Benchmark indices closed with modest gains after a seesaw trade. Sensex gained 51 points to close at 17745 while Nifty finished at 5322, up 18 points. BSE Mid-cap and small-cap indices gained 0.6% and 0.5% respectively. Strelite Industries surged nearly 6% as the company announced 1:1 bonus and 2:1 stock split along with results which were above market expectation. Sun Pharma plunged 4.4% on the back of reports that the US district court has asked the company to stop selling its generic version of Eloxatin from June 30. In another case New Jersey jury ruled that Wyeth’s patent on Protonix is valid and Sun and Teva Pharma has infringed the patnet by launching the drug at risk. European markets as well as US stock indices futures were up about a percent.
BSE Metal index surged 2.3%, becoming the top gainer among the sectoral indices, followed by PSU index, up 0.6%. Realty and Oil & Gas indices lost 1.6% and 1% respectively. Sterliete Industries and HDFC were the top gainers among the Nifty stocks, putting on 5.8% and 3.9% respectively while Sun Pharma and DLF lost the most, down 4.4% and 3% respectively. BSE advance-decline ratio stood at 1.2:1.
Turnover slumps
Nifty April 2010 futures at discount
Nifty April 2010 futures were at 5,319.85 at a discount of 2.60 points compared to spot closing of 5,322.45. Turnover in NSE's futures & options (F&O) segment was Rs 82,193.87 crore, sharply lower than Rs 1,02,453.29 crore on Friday, 23 April 2010.
Sterlite Industries (India) April 2010 futures were at premium at 843.60 compared to the spot closing of 841.25.
Tata Motors April 2010 futures were at premium at 850.05 compared to the spot closing of 848.60.
Reliance Industries April 2010 futures were near spot price at 1069.05 compared to the spot closing of 1068.75.
In the cash market, the S&P CNX Nifty rose 18.35 points or 0.35% at 5,322.45.
Asian stocks up gracefully on Greece bailout
Most indices nudge higher on steady buying, upbeat global economic growth prospects support sentiments
Asian markets rose today, extending their previous gains as the traders eyed a recovery in the commodity prices and abating concerns on the Greece finances. With some dust being settled on the Greece fiscal scenario, the investors finally eyed the upbeat IMF world economic projections last week. On Friday, concerns about Greece eased further after the country sought aid from the International Monetary Fund to tide over its present crisis.
Greek Finance Minister George Papaconstantinou said yesterday that an emergency loan programme being negotiated with the European Union and International Monetary Fund (IMF) would be completed in time to avoid a debt default in May. Positive closing on Wall Street on Friday on better than expected new home sales data and increasing optimism that the world's largest economy is on recovery mode also lifted market sentiment.
This pepped the Asian markets up and with the US Dollar holding Friday' lows, most of the regional benchmarks had a good outing at the start. Toyota, the world's largest carmaker had an annual operating profit instead of the loss Toyota forecast, media reports stated. This pushed the stock market in Japan up as exporters and commodity driven stocks soared. The benchmark Nikkei 225 Index rose 251.33 points, or 2.3%, to 11,166, while the broader Topix index of all First Section issues advanced 18.51 points, or 1.9%, to 997.
On the economic front, a report released by the Bank of Japan revealed that the country's corporate service price index declined 1.1% year-over-year in March. The decline was slightly lesser than the revised 1.2% drop seen in the previous month and also tamer than the expected.
However, Chinese equities fell on Monday with the benchmark Shanghai Composite Index down 0.47 percent, led by financial and real estate companies. The country tightened real estate financing by requiring developers to submit fund-raising plans for review, stepping up efforts to prevent a bubble, even as the central bank pledged to maintain an “easy” monetary policy. The major gauge index on the Shanghai Stock Exchange ended at 2,969.5 points, down 14.03 points, or 0.47 percent. The Shenzhen Component Index ended at 11,602.63 points, sliding 100.24 points, or 0.86 percent.
Greece, on Friday asked the EU and IMF to activate an estimated 60-billion-dollar emergency loan to help it avoid default. Greece's next debt payment is due by May 19. Greece's debt crisis has roiled the Euro zone and markets around the world and prompted deep divisions within the European Union over whether to bail Greece out.
In other markets, Taiwan's Taiex index climbed 1.9 % while Hong Kong's Hang Seng Index gained 1.6 % and The NZX-50 ended up broadly flat. Australian markets were closed for a national holiday while South Korea's Kospi Index rose 0.9%.
In Mumbai, The key benchmark indices edged higher for the fifth straight day on firm global stocks and forecast of a normal monsoon this year. The BSE 30-share Sensex was provisionally up 42.94 points or 0.24%, off close to 90 points from the day's high and up close to 45 points from the days low. The market breadth, indicating the overall health of the market was positive. The breadth was much stronger earlier in the day.
The BSE 30-share Sensex was up 42.94 points or 0.24% to 17,737.14 as per provisional figures. The Sensex rose 132.28 points at the day's high of 17,826.48 in early trade. The S&P CNX Nifty was up 15.35 points or 0.29% to 5319.45 as per provisional figures.
The US markets ended in the positive territory on Friday, with Dow Jones Industrial Average ending up 69.99 points at 11204.28 as investors eyed the upbeat economic data alongside the Greece alleviations. Market sentiment was lifted by better-than-expected U.S. home sales data on Friday,
Crude oil futures traded slightly higher in Asian hours Monday, boosted by regional equities and increased optimism about the global economic recovery. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at $85.40 a barrel, up 28 cents or 0.33% in the Globex electronic session. Other commodities are also higher with COMEX Copper trading up 2 cents or 0.58% at $3.53 per pound while Gold is hovering at $1156.30, up $2.60 or 0.23% after hitting a high of $1160.70 per ounce.
Q4 earnings overshine; bulls’ march continue
Today's major news
ICICI Bank Q4 net profit up 35% yoy, the stock is down 1.60%
Indiabulls Financial FY2010 net up 38.91%, the stock surges 2.96%
Bosch Q1 net profit jumps 310%, the stock closes 0.35% lower
Click here for more stories
Global signals
European stocks were trading in the positive territory on Monday owing to strong global markets, as banks lead amid optimism that Greece can avoid defaulting on its debt. FTSE 100 (London) was trading 0.46% higher.
Among major Asian indices, all the indices closed in the positive territory except Shanghai Composite. Japan’s Nikkei rose by 2.30%. SGX Nifty closed 12 points higher.
US stock futures point to a higher opening on the Wall Street on Monday. Earning of Caterpillar will be on focused.
Indian indices
Domestic indices largely traded in a range through out the session. The market continued its northward journey on the fifth straight day on the back of strong global markets, encouraging Q4 numbers of Indian Inc and optimistic forecast of monsoon by the Indian Meteorological Department.
The Sensex that opened just 2 points lower (at 17692) and never saw that level again as it soon turned positive to touch the day’s high of 17826. However, the Sensex trimmed some of its gain in the afternoon session as realty and oil & gas stocks were hit the most, but continues buying in metals helped the Sensex to close the session in green. At the finishing line, the Sensex quoted at 17745, advanced by 51 points and Nifty signed off the day at 18 points higher at 5322.
Market sentiment
Of the 2,974 shares traded on the BSE, 1555 shares (52%) advanced whereas 1325 shares (45%) declined. Ninety four shares (3%) remained unchanged.
Sectoral & stock screening
Of the 13 sectoral indices in BSE; nine of the sectors ended in green, while four closed the day in red. The sectors that were surged the most — BSE Metal gains 2.34%, followed by the BSE PSU that advanced by 0.60% and rest on the sectors rose in the range of 0.04% to 0.56% respectively. The losing sectors were — BSE Realty lost 1.63%, BSE Oil & Gas declined 0.95%, BSE HC down by 0.49% and BSE Auto sheds 0.21%.
On stocks’ front, Indian Bank was the star stock of the day posting gains of 14.09%, followed by Jain Irrigation that surged by 7.69% and Gujarat NRE Coke that rose by 7.35%. Among losers, Sun Pharmaceuticals slid the most by 4.77%, followed by Balrampur Chini that fell by 3.27% and HDIL that shed 2.76%.
Viewing volumes
India’s second largest realty firm Unitech was the most actively traded share with over 0.33 crore shares changing hands on the BSE, followed by Jaiprakash Associates (0.29 crore shares), steel maker Ispat Industries (0.28 crore shares), Gujarat NRE Coke (0.27 crore shares) and Industrial finance company IFCI (0.22 crore shares)
BSE Bulk Deals to Watch - Apr 26 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/4/2010 530093 Ace India RADHEY PORTFOLIO PRIVATE LIMITED B 40140 35.00
26/4/2010 530093 Ace India INVESTWELL SECURITIES P LTD B 50000 35.00
26/4/2010 530093 Ace India SUNIL FINVEST PVT LTD B 20000 35.00
26/4/2010 530093 Ace India VED PRAKASH NARULA S 109969 35.00
26/4/2010 513149 Acrow India RONAK ASHWIN CHOKSI B 5000 163.49
26/4/2010 513149 Acrow India NITIN KASHINATH GAWDE B 4890 148.58
26/4/2010 513149 Acrow India RONAK ASHWIN CHOKSI S 5000 148.34
26/4/2010 513149 Acrow India NITIN KASHINATH GAWDE S 4890 163.50
26/4/2010 531761 Amulya Leas SAMEER GUPTA B 201300 11.62
26/4/2010 531761 Amulya Leas VARUN GARG S 73200 11.62
26/4/2010 507828 Ansal Housing TRANSGLOBAL SECURITIES LTD. B 98681 74.24
26/4/2010 507828 Ansal Housing JMP SECURITIES PVT LTD B 97682 77.55
26/4/2010 507828 Ansal Housing A.A.DOSHI SHARE & STOCK BROKERS LTD B 126411 76.51
26/4/2010 507828 Ansal Housing BP FINTRADE PRIVATE LIMITED B 128934 76.83
26/4/2010 507828 Ansal Housing TRANSGLOBAL SECURITIES LTD. S 99366 74.23
26/4/2010 507828 Ansal Housing JMP SECURITIES PVT LTD S 98182 77.43
26/4/2010 507828 Ansal Housing A.A.DOSHI SHARE & STOCK BROKERS LTD S 127786 76.71
26/4/2010 507828 Ansal Housing BP FINTRADE PRIVATE LIMITED S 119429 76.71
26/4/2010 512535 Asahi Infra BASMATI SECURITIES PRIVATE LIMITED S 2400169 1.99
26/4/2010 512253 Bio Green Inds ATHENA INVESTMENT B 75000 25.52
26/4/2010 532330 Biopac India DHARMENDRA JAIN S 162312 25.23
26/4/2010 590061 Brushman India SICPA INDIA LTD S 64877 8.57
26/4/2010 500083 Century Extr BHARAT SHANKAR PHAPALE S 543732 12.71
26/4/2010 533026 Chemcel Bio TUSHAR RAMESHBHAI PATEL B 800000 11.91
26/4/2010 533026 Chemcel Bio MAYANK N GANDHI B 165115 11.46
26/4/2010 533026 Chemcel Bio RAMESHBHAI V PARMAR B 279405 11.82
26/4/2010 533026 Chemcel Bio BP FINTRADE PRIVATE LIMITED B 239972 12.03
26/4/2010 533026 Chemcel Bio TUSHAR RAMESHBHAI PATEL S 800000 11.99
26/4/2010 533026 Chemcel Bio MAYANK N GANDHI S 144963 11.98
26/4/2010 533026 Chemcel Bio RAMESHBHAI V PARMAR S 276947 12.04
26/4/2010 533026 Chemcel Bio REKHA BHANDARI S 294008 11.41
26/4/2010 533026 Chemcel Bio BP FINTRADE PRIVATE LIMITED S 213970 12.04
26/4/2010 532760 Deep Inds ARCADIA SHARE & STOCK BROKERS PVT. LTD B 106252 116.90
26/4/2010 500089 DIC India SMART EQUITY BROKERS PRIVATE LIMITED B 53006 309.24
26/4/2010 500089 DIC India SMART EQUITY BROKERS PRIVATE LIMITED S 53006 309.65
26/4/2010 503796 Digjam SUKRITI EDUCATION SOCIETY B 1300000 10.00
26/4/2010 503796 Digjam PAYAL COMMERCIAL COMPANY LIMITED S 1300000 10.00
26/4/2010 517973 DMC Intl BHARAT GUPTA B 127450 18.89
26/4/2010 517973 DMC Intl MAHENDER SINGH B 143182 18.77
26/4/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED B 165723 18.89
26/4/2010 517973 DMC Intl NAVDEEP GUPTA S 124567 18.75
26/4/2010 517973 DMC Intl MAHENDER SINGH S 129915 18.92
26/4/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED S 172929 18.94
26/4/2010 590094 FARMAX IND ANNAPURNA GANGA SANI S 124509 114.43
26/4/2010 532666 FCS Software MANISH RATILAL SHAH B 5191397 5.11
26/4/2010 532666 FCS Software MANISH RATILAL SHAH S 5191397 5.11
26/4/2010 530945 Gangotri Iron RAGHU MAHESH B 50000 54.60
26/4/2010 532857 Glory Polyfilms BHAVISH DHIRAJLAL KHAKHKHAR B 132843 23.92
26/4/2010 533189 Goenka Diamond SAHAR VYAPAR PRIVATE LIMITED B 196501 112.18
26/4/2010 533189 Goenka Diamond SAHAR VYAPAR PRIVATE LIMITED S 196501 113.81
26/4/2010 532836 Gremach Infra UNNO TRADING TRADING PRIVATE LIMITED S 140000 26.40
26/4/2010 532836 Gremach Infra SHRI HANUMAN INVESTMENTS PRIVATE LIMITED S 200000 26.48
26/4/2010 513059 GS Auto NILESH EKNATH BHOIR B 57388 37.86
26/4/2010 513059 GS Auto SHARDA ISPAT ROLLERS PRIVATE LIMITED S 53728 37.79
26/4/2010 505893 Hindustan Hardy KISHORBHAI AMARSHIBHAI VANANI B 10900 102.50
26/4/2010 505893 Hindustan Hardy BHUPENDRA CHHAGANLAL LALSODAGAR B 11967 97.06
26/4/2010 505893 Hindustan Hardy BHUPENDRA CHHAGANLAL LALSODAGAR S 11967 101.23
26/4/2010 511682 IFL Promoters NAVDEEP GUPTA B 21000 20.20
26/4/2010 511682 IFL Promoters OURS TRADING AND HOLDINGS PRIVATE LIMITED B 16671 20.32
26/4/2010 511682 IFL Promoters DMC INTERNATIONAL LTD B 42431 20.32
26/4/2010 511682 IFL Promoters NAVDEEP GUPTA S 21000 20.32
26/4/2010 511682 IFL Promoters OURS TRADING AND HOLDINGS PRIVATE LIMITED S 16671 20.32
26/4/2010 511682 IFL Promoters DMC INTERNATIONAL LTD S 34660 20.32
26/4/2010 533181 Intrasoft Tech GENUINE STOCK BROKERS PVT. LTD. B 237691 131.66
26/4/2010 533181 Intrasoft Tech SMART EQUITY BROKERS PRIVATE LIMITED B 101812 133.45
26/4/2010 533181 Intrasoft Tech OPG SECURITIES P LTD B 240788 133.05
26/4/2010 533181 Intrasoft Tech GENUINE STOCK BROKERS PVT. LTD. S 237691 131.76
26/4/2010 533181 Intrasoft Tech SMART EQUITY BROKERS PRIVATE LIMITED S 101812 133.44
26/4/2010 533181 Intrasoft Tech OPG SECURITIES P LTD S 240788 133.12
26/4/2010 524164 IOL Chemicals GPB INDUSTRIES PRIVATE LIMITED B 129814 73.72
26/4/2010 511092 JMD Telefilms NORTH EASTERN PUBLISHING AND ADVERTISING COMPANY LIMITED B 352200 49.59
26/4/2010 530255 KAY Power BAMPSL SECURITIES LTD B 72367 16.69
26/4/2010 530255 KAY Power BAMPSL SECURITIES LTD S 128859 16.02
26/4/2010 532758 KEW Inds ASHOK CHINUBHAI SHAH B 300000 16.57
26/4/2010 532758 KEW Inds DEEPAK MAHESHWARI B 608302 16.27
26/4/2010 532758 KEW Inds NARESHCHAND JAIN B 171015 16.56
26/4/2010 532758 KEW Inds BP FINTRADE PRIVATE LIMITED B 241307 16.51
26/4/2010 532758 KEW Inds ASHOK CHINUBHAI SHAH S 141032 16.48
26/4/2010 532758 KEW Inds DEEPAK MAHESHWARI S 608302 16.55
26/4/2010 532758 KEW Inds NARESHCHAND JAIN S 171015 16.51
26/4/2010 532758 KEW Inds BP FINTRADE PRIVATE LIMITED S 221307 16.57
26/4/2010 513693 KIC Metaliks AMBITION MERCHANTS PRIVATE LIMITED B 40000 103.66
26/4/2010 513693 KIC Metaliks ADHUNIK DEALCOM PRIVATE LIMITED B 64777 104.62
26/4/2010 513693 KIC Metaliks CARWIN MERCANTILES PRIVATE LTD S 50000 104.75
26/4/2010 530145 Kisan Mouldings J V STOCK BROKING PRIVATE LIMITED B 40711 62.00
26/4/2010 530145 Kisan Mouldings J V STOCK BROKING PRIVATE LIMITED S 40711 62.15
26/4/2010 514450 Mahalaxmi Rub SAGAR CONSTRUCTION B 71150 156.50
26/4/2010 590111 MASTER NAGAVENKATA NAGAVENKATA S MATHA B 29019 35.99
26/4/2010 532553 MSK Projects SURBHI INVESTMENTS & TRADING COMPANY PRIVATE B 159043 179.28
26/4/2010 532553 MSK Projects SUDHADEVI PREMKUMAR AGARWAL B 500000 179.00
26/4/2010 532553 MSK Projects SURENDRAKUMAR BALKISHANDAS AGARWAL B 500000 179.00
26/4/2010 532553 MSK Projects L JAIN B B 180000 153.32
26/4/2010 532553 MSK Projects SAHAR VYAPAR PRIVATE LIMITED B 186873 183.76
26/4/2010 532553 MSK Projects PRTL ENTERPRISES LTD B 882398 179.96
26/4/2010 532553 MSK Projects ANCHOR MALLS PVT LTD B 505115 180.29
26/4/2010 532553 MSK Projects PRTL ENTERPRISES LTD S 477267 159.88
26/4/2010 532553 MSK Projects SUBHKAM VENTURES (I) PRIVATE LIMITED S 1000000 179.00
26/4/2010 532553 MSK Projects L JAIN B S 180000 176.58
26/4/2010 532553 MSK Projects CLASSIC.INNS.PRIVATE.LTD S 900000 180.25
26/4/2010 532553 MSK Projects SAHAR VYAPAR PRIVATE LIMITED S 186873 184.37
26/4/2010 526616 National Plast Inds MILIND NARAYANRAO GHOGARE B 56650 24.39
26/4/2010 531834 Natura Hue Chem AHMED SAYED B 95480 15.33
26/4/2010 531083 Nihar Info ALLURI PRASADRAJU S 54049 4.06
26/4/2010 531092 Om Metals FINDEAL INVESTMENTS PVT LTD B 530000 36.64
26/4/2010 531496 Omkar Overseas PRANALI COMMODITIES PVT.LTD B 121170 75.01
26/4/2010 531496 Omkar Overseas AARP ORGANISORS PRIVATE LIMITED B 25000 74.40
26/4/2010 531496 Omkar Overseas HEMANT RAJENDRABHAI SHAH B 25000 74.97
26/4/2010 531496 Omkar Overseas PRANALI COMMODITIES PVT.LTD S 71170 74.93
26/4/2010 531496 Omkar Overseas AARP ORGANISORS PRIVATE LIMITED S 25000 74.65
26/4/2010 531496 Omkar Overseas HEMANT RAJENDRABHAI SHAH S 25000 74.38
26/4/2010 531496 Omkar Overseas PRAVINKUMAR SHRIPAL JAIN S 30000 74.34
26/4/2010 532882 Omnitech Info ELIA CONSTRUCTION PVT LTD B 66748 190.19
26/4/2010 532882 Omnitech Info ELIA CONSTRUCTION PVT LTD S 66748 189.09
26/4/2010 512097 Oregon Comm ANJU DHARMENDRA MADHANI S 10000 243.62
26/4/2010 512097 Oregon Comm DESAI MAHESH S 7120 242.57
26/4/2010 507690 Orient Bev GIRISH GULATI B 19200 11.11
26/4/2010 532817 Oriental Trimex HANDFUL INVESTRADE PVT LTD B 86601 14.18
26/4/2010 532817 Oriental Trimex YOGESH BASUDEODHAR NIDHARKA S 90000 14.08
26/4/2010 530923 Passari Cellu MEENA RATHI B 50000 49.89
26/4/2010 530923 Passari Cellu PREMA KUMARI S 25400 49.90
26/4/2010 513611 Pithampur Steel VIBHUTI DAS S 25900 28.70
26/4/2010 517522 Rajratan Global TARUNKUMAR G BRAHMBHATT B 25301 236.77
26/4/2010 517522 Rajratan Global DISHA DHARMENDRA MADHANI B 32553 236.52
26/4/2010 517522 Rajratan Global TARUNKUMAR G BRAHMBHATT S 25276 232.99
26/4/2010 517522 Rajratan Global DISHA DHARMENDRA MADHANI S 29214 236.43
26/4/2010 532766 Richa Inds AUREOLE SOFTWARES PRIVATE LIMITED S 134125 30.03
26/4/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR B 214952 10.11
26/4/2010 533083 RISHABHDEV BHAVISH DHIRAJLAL KHAKHKHAR S 263116 10.08
26/4/2010 530461 Saboo Sodium SPECTRUM FOODS LIMITED S 70000 12.61
26/4/2010 523116 Sanco Trans BHASKAR ARVIND HINGAD B 19464 393.39
26/4/2010 533056 SARK SYS KAMALESHWAR SINGH S 50000 33.70
26/4/2010 511144 Saya Housing POORNIMA COMMERCIAL PVT LTD S 23650 2.77
26/4/2010 531794 Seshachal Tech ANJU DHARMENDRA MADHANI B 72000 10.50
26/4/2010 531794 Seshachal Tech SATYA ANNAPURNA BULUSU S 200000 10.50
26/4/2010 511754 Shalibhadra Fin KAMDAR HASMUKHRAJ DIPAK B 25000 27.33
26/4/2010 531693 Shri Ganesh Spi CHANDRAKANT B SHAH S 254825 10.92
26/4/2010 517224 Sujana Uni YALAMANCHILI VISWESWARA PRASAD B 648625 13.84
26/4/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI B 588653 4.36
26/4/2010 526133 Supertex Inds SHAISHIL TUSHARKUMAR JHAVERI S 588653 4.33
26/4/2010 526133 Supertex Inds PARAMESHWAR EXPORTS PRIVATE LIMITED S 772653 4.38
26/4/2010 519152 Vadilal Enter RAVIRAJ DEVELOPERS LIMITED B 7455 118.90
26/4/2010 519152 Vadilal Enter DARSHAN FINANCIAL SERVICES PRIVATE LIMITED B 6382 117.75
26/4/2010 519152 Vadilal Enter DYNAMIC STOCK BROKING INDIA PVT LTD B 12203 125.32
26/4/2010 519152 Vadilal Enter PARVESH DUTTA S 5905 119.53
26/4/2010 519152 Vadilal Enter DYNAMIC STOCK BROKING INDIA PVT LTD S 12203 125.56
26/4/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN B 42091 49.55
26/4/2010 530369 Vamshi Rubber ASHWANI JINDAL B 24000 50.38
26/4/2010 530369 Vamshi Rubber ASHOK KUMAR BILGAIYAN S 42091 51.32
26/4/2010 530369 Vamshi Rubber ASHWANI JINDAL S 30000 49.83
26/4/2010 530627 Vipul Dye Chem KHUSHALCHAND JIVRAJ SHAH B 31000 13.50
26/4/2010 530627 Vipul Dye Chem BHARTI MUKUND SHAH S 31000 13.50
26/4/2010 514266 Zenith Fibres CAMPHAR SECURITIES AND ADVISORY PRIVATE LIMITED B 26182 27.84
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Apr 26 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-APR-2010,ANSALHSG,Ansal Housing and Constru,BP FINTRADE PRIVATE LIMITED,BUY,174635,77.11,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,INVENTURE GROWTH & SECURITIES LIMITED,BUY,133439,75.43,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,MBL & COMPANY LTD.,BUY,126342,73.82,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,132069,76.51,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,OM INVESTMENTS,BUY,167701,75.12,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,TRANSGLOBAL SECURITIES LTD.,BUY,115872,74.32,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,VAGHJIBHAI GAGALDAS SHAH,BUY,110000,76.29,-
26-APR-2010,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,BUY,73552,226.32,-
26-APR-2010,EXCELINFO,Excel Infoways Limited,SAR AUTO PRODUCTS LIMITED,BUY,161000,52.35,-
26-APR-2010,FCSSOFT,FCS Software Solutions Li,PRUDENTIAL STOCK & SECURITIES LTD,BUY,5255421,5.03,-
26-APR-2010,FCSSOFT,FCS Software Solutions Li,SHEETAL MANUBHAI SHETH,BUY,7079380,5.03,-
26-APR-2010,GLORY,Glory Polyfilms Limited,KHAKHKHAR BHAVISH DHIRAJLAL,BUY,161040,23.77,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,CPR CAPITAL SERVICES LTD.,BUY,90899,131.01,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,236120,131.93,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,OM INVESTMENTS,BUY,75457,133.11,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,PAN EMAMI COSMED LIMITED,BUY,100000,132.50,-
26-APR-2010,OMNITECH,Omnitech Infosolutions Li,ELIA CONSTRUCTION PVT LTD,BUY,120671,191.98,-
26-APR-2010,POLARIND,Polar Industries Ltd,MRUTYUNJAY SUDHAKER PARSEKAR,BUY,70000,7.10,-
26-APR-2010,SASKEN,Sasken Commu Techno Ltd,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,BUY,212880,217.10,-
26-APR-2010,SASKEN,Sasken Commu Techno Ltd,RELIANCE MUTUAL FUND,BUY,173000,212.90,-
26-APR-2010,SUJANAUNI,Sujana Universal Industri,YALAMANCHILI VISWESWARA PRASAD,BUY,630000,13.87,-
26-APR-2010,TATAMETALI,Tata Metaliks Ltd,MANISH VRAJLAL SARVAIYA,BUY,243289,165.11,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,BP FINTRADE PRIVATE LIMITED,SELL,167341,76.76,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,INVENTURE GROWTH & SECURITIES LIMITED,SELL,131455,75.36,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,MBL & COMPANY LTD.,SELL,126342,73.95,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,94529,75.60,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,OM INVESTMENTS,SELL,167701,75.16,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,SAR AUTO PRODUCTS LIMITED,SELL,98000,73.85,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,TRANSGLOBAL SECURITIES LTD.,SELL,115872,74.33,-
26-APR-2010,ANSALHSG,Ansal Housing and Constru,VAGHJIBHAI GAGALDAS SHAH,SELL,35000,77.81,-
26-APR-2010,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,SELL,65575,225.69,-
26-APR-2010,FCSSOFT,FCS Software Solutions Li,PRUDENTIAL STOCK & SECURITIES LTD,SELL,5255421,5.02,-
26-APR-2010,FCSSOFT,FCS Software Solutions Li,SHEETAL MANUBHAI SHETH,SELL,7079380,5.12,-
26-APR-2010,GLORY,Glory Polyfilms Limited,KHAKHKHAR BHAVISH DHIRAJLAL,SELL,142560,23.54,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,CPR CAPITAL SERVICES LTD.,SELL,90899,131.02,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,236120,131.93,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,OM INVESTMENTS,SELL,75457,133.23,-
26-APR-2010,ISFT,Intrasoft Tech. Ltd,SHAIL INVESTMENTS PVT. LTD.,SELL,100000,132.50,-
26-APR-2010,OMNITECH,Omnitech Infosolutions Li,ELIA CONSTRUCTION PVT LTD,SELL,120671,189.36,-
26-APR-2010,SASKEN,Sasken Commu Techno Ltd,CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED,SELL,200000,216.55,-
26-APR-2010,TATAMETALI,Tata Metaliks Ltd,MANISH VRAJLAL SARVAIYA,SELL,243289,163.93,-
Market gains for the fifth straight day; Sterlite Industries surges on bonus issue
The key benchmark indices edged higher for the fifth straight day on firm global stocks and forecast of a normal monsoon this year. The BSE 30-share Sensex was provisionally up 42.94 points or 0.24%, off close to 90 points from the day's high and up close to 45 points from the day's low. The market breadth, indicating the overall health of the market was positive. The breadth was much stronger earlier in the day.
Metal stocks rose as metal prices gained on London Metal exchange on Friday, 23 April 2010. Copper major Sterlite Industries surged nearly 6% after the company's board recommended a liberal 1:1 bonus issue and a 2-for-1 stock split at the time of announcing Q4 result. But, index heavyweight Reliance Industries (RIL) fell in volatile trade as its fourth quarter results missed market expectations.
India's largest car maker by sales Maruti Suzuki India witnessed a bout of volatility after the company said profit for Q4 March 2010 was boosted by a low base effect. ICICI Bank reversed early gains on profit taking after strong Q4 results announced on Saturday, 24 April 2010. HDFC Bank hit all-time high after strong Q4 results which were announced on Saturday, 24 April 2010. Interest rate sensitive realty stocks fell.
Stocks were volatile as traders rolled over positions in the derivatives segment from the April 2010 series to the May 2010 series ahead of the expiry of the near-month April 2010 contracts on Thursday, 29 April 2010. The market surged in early trade tracking gains in Asian stocks. The market came off the higher level later. The market was range bound in morning trade. The market moved further away from the day's high in early afternoon trade. The market soon came off the lower level. The market moved in a range later. It trimmed gains in late trade.
Concerns on the political front eased following reports that BSP is likely to bail out the Congress-led United Progressive Alliance government at the Centre when the opposition parties move cut motion on budgetary proposals on Tuesday, 27 April 2010. BSP has 21 MPs in the Lok Sabha. If the cut motion is adopted, the government will have to step down.
As regards Q4 March 2010 corporate earnings, the results announced so far have been good. The combined net profit of a total of 256 companies rose 31.8% to Rs 21656 crore on 44.7% rise in sales to Rs 195424 crore in the quarter ended March 2010 over the quarter ended March 2009.
European stocks rose on Monday after Greece requested emergency aid and as a raft of US data showed that recovery in the world's biggest economy was gathering strength. Key benchmark indices in UK, France and Germany were up 0.5% to 1.09%.
Japanese stocks led rally in Asian stocks and commodities rallied as economic reports pointed to faster growth and concerns about Greece's debt abated. The key benchmark indices in Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan rose by between 0.47% to 2.3%. But, China's Shanghai Composite fell 0.47%.
Greece, late last week, formally requested aid through a joint European Union-International Monetary Fund mechanism and Greek Finance Minister George Papaconstantinou said Sunday that funds should be available by early May. Investors expect the aid will help Greece avert debt default in the near term.
US index futures rose in volatile trade. Trading in US index futures indicated that the Dow could gain 11 points at the opening bell on Monday, 26 April 2010.
US stocks rose to a 19-month high on Friday 23 April 2010 as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low. Sales of new U.S. homes soared 27% in March 2010 climbing the most in 47 years. The Dow Jones industrial average gained 69.99 points, or 0.63%, to 11,204.28. The Standard & Poor's 500 Index rose 8.61 points, or 0.71%, to 1,217.28. The Nasdaq Composite Index added 11.08 points, or 0.44%, to 2,530.15.
The US Federal Reserve is likely to keep interest rates near zero and it is also likely to repeat its vow of an extended period of very low rates at the conclusion of a two-day policy meeting on Wednesday, 28 April 2010. The Fed has kept the Fed funds rate in a range of zero to 0.25% since December 2008.
Back home, the Indian Meteorological department (IMD) expects normal rainfall in the June-September monsoon season this year. Rainfall is likely to be 98% of the long-term average, the IMD said on Friday, 23 April 2010. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The south west monsoon 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. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season holds key.
The latest data showed the annual food and fuel inflation ticked higher, raising worries central bank may raise interest rates before the next scheduled policy review in July 2010. The food price index rose 17.65% in the year to 10 April 2010. The fuel price index rose 12.45% and the primary articles index rose 14.14% in the year to 10 April 2010, the latest government data showed.
The Reserve Bank of India expects India's economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias, assuming a normal monsoon this year and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand.
In its half-yearly World Economic Outlook, the International Monetary Fund (IMF) has pegged India's GDP growth at 8.75% in calendar 2010 and 8.5% in calendar 2011. According to the IMF, domestic demand in India will strengthen as the labour market improves, and investment is expected to be boosted by strong corporate profitability, rising business confidence and favourable financing conditions.
Indian stocks rose for a fourth day in a row on Friday, 23 April 2010, after the Reserve Bank of India (RBI) raised interest rates on Tuesday, 20 April 2010, by less than some economists had expected and forecast inflation will slow. Optimism about the fourth quarter corporate earnings and hopes of a normal monsoon this year aided the rally
The RBI said it will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted. A 25 basis points hike in the cash reserve ratio (CRR) with effective from 24 April 2010 will suck out excess liquidity of Rs 12500 crore from the banking system.
The BSE 30-share Sensex was up 42.94 points or 0.24% to 17,737.14 as per provisional figures. The Sensex rose 132.28 points at the day's high of 17,826.48 in early trade. The index fell 1.94 points at the day's low of 17,692.26 in early trade.
The S&P CNX Nifty was up 15.35 points or 0.29% to 5319.45 as per provisional figures.
The BSE Mid-Cap index rose 0.55% and the BSE Small-Cap index rose 0.52%. Both the indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was positive. The breadth was much stronger earlier in the day. On BSE, 1562 shares advanced as compared with 1330 that declined. A total of 87 shares were unchanged.
From the 30 share Sensex pack, 18 stocks rose while the rest declined.
BSE clocked turnover of Rs 3938 crore lower than Rs 4694.92 crore on Friday, 23 April 2010.
Index heavyweight Reliance Industries (RIL) fell 1.83% to Rs 1067.40 as net profit rose a lower-than-expected 29.9% to Rs 4710 crore in Q4 March 2010 over Q4 March 2009. The stock hit a high of Rs 1091.90 and a low of Rs 1064. The Q4 result was announced after trading hours on Friday, 23 April 2010. The stock had risen 1.10% ahead of the result on Friday.
India's largest engineering and construction firm by sales Larsen & Toubro (L&T) rose 0.44%, with the scrip gaining for the second straight day. The company recently received an order worth Rs 1,060 crore from Gujarat State Petroleum Corporation (GSPC) to build an offshore oil platform.
India's largest car maker by sales Maruti Suzuki India fell 2.34% after Q4 results. The stock was volatile. It a hit a high of Rs 1386.05 and a low of Rs 1326.50. Net profit surged 170.04% to Rs 656.55 crore in Q4 March 2010 over Q4 March 2009. The company announced result during market hours today.
Maruti said profit surged in Q4 March 2010 due to a lower base effect. The car maker also said profit for Q4 March 2010 was negatively impacted to some extent from cost of upgradation of its full range of cars to meet new emission norms, launch of new models, higher raw material prices and adverse foreign exchange movement
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 0.46% on Friday, 23 April 2010. JSW Steel, Hindustan Zinc, National Aluminum Company, Jindal Steel & Power, Hindalco Industries rose by between 1.33% to 3.45%.
Copper maker Sterlite Industries rose 5.62% after the company's board of directors recommended issue of bonus shares in the ratio of 1:1 and a 2-for-1 stock split at the time of announcing Q4 results during trading hours. Consolidated net profit surged 130.82% to Rs 1380.90 crore in Q4 March 2010 over Q4 March 2009.
India's largest private sector steel maker by sales Tata Steel rose 1.24%, rebounding from a two-days fall. The company said recently its sales in the year ended on 31 March 2010 rose 18% from a year ago to 6.17 million tonnes.
Steel Authority of India rose 1.38% after the company received an approval from the Ministry of Steel for a follow-on public offer.
Unitech fell 1.23%. The board of directors at a meeting held on 20 April 2010 approved demerger of non-core operations comprising of telecommunications, hotels, special economic zones, logistics, transmission towers and others into a separate entity called Unitech Infra. For every one share of Unitech, the shareholders will get one share of Unitech Infra, which will be listed at a later date.
India's largest realty player by sales DLF fell 2.52%, reversing early gains after the company said on Saturday that its subsidiary, Caraf Builders & Constructions, acquired 24.52 crore compulsorily convertible preference shares (CCPS) in group company DLF Assets from PE firm SC Asia for Rs 3,084.68 crore. With this, Caraf's stake in DLF Assets has risen to 91.90%. DSIPL (a company owned by SC Asia) would continue to hold 2.72 crore CCPS, representing an economic interest of 4.59% in DAL, it said.
Among other realty stocks, Ackruti City, Sobha Developers, HDIL and Indiabulls Real Estate fell by between 0.29% to 3.01%.
Bank stocks were mixed. India's second largest private sector bank by net profit HDFC Bank rose 2.39% as net profit rose 32.61% to Rs 836.62 crore in Q4 March 2010 over Q4 March 2009. The stock hit all-time high of Rs 1997.85. The result was announced on Saturday, 24 April 2010.
Axis Bank rose 3.36%, extending recent gains triggered by strong Q4 results. Net profit jumped 31.54% to Rs 764.87 crore in Q4 March 2010 over Q4 March 2009. The result was announced on 20 April 2010.
India's biggest commercial bank in terms of branch network State Bank of India fell 0.16% on profit taking after recent strong gains triggered by brokerage upgrades on the counter. A prominent foreign brokerage has reportedly raised its rating on the stock to 'neutral' from 'sell'. Another foreign brokerage has reportedly predicted a re-rating of the counter on the back of an expected lending growth.
Among other PSU banks, Bank of Baroda and Bank of India rose by between 0.1% to 3.74%. But, Punjab National Bank fell 0.28%. The Union Cabinet on Friday, 23 April 2010 approved infusion of Rs 15000 crore in state-run banks for the fiscal year ending March, 2011, to help meet growing credit requirements of the economy
India's largest private sector bank by net profit ICICI Bank fell 1.6%, reversing early gains. Net profit rose 35.2% to Rs 1005.57 crore in Q4 March 2010 over Q4 March 2009. The result was announced on Saturday, 24 April 2010. The stock had risen 3.37% ahead of its result on Friday 23 April 2010.
India's largest mortgage finance firm by total income Housing Development Finance Corporation (HDFC) rose 3.95%. The company recently launched a Dual Rate Product-2 (DRHL-2) in which home loan interest rates will be fixed rate at 8.25% annually up to 31 March 2011, 9% for the period between 1 April 2011 and 31 March 2012, and the applicable floating rate for the balance term. The offer is for loan application made before 30 April 2010 and at least part-disbursement taken before 30 June 2010.
Sun Pharmaceutical Industries fell 4.77% after a US District Court for New Jersey rejected claims by Teva Pharmaceutical Industries and Sun Pharmaceuticals Industries that the patent on Pfizer's Protonix acid reflux drug should be declared invalid. The original patent on Protonix, known chemically as pantoprazole, is held by Swiss drugmaker Nycomed and was licensed to Wyeth, which is now owned by Pfizer. Nycomed and Wyeth filed their patent infringement lawsuit against Teva Pharmaceutical Industries and Sun Pharma in May 2004.
Godrej Consumer Products fell 2.66% after the company said at the time of announcing Q4 March 2010 results that the fast-moving consumer goods industry is witnessing slowdown in growth.
Finolex Industries surged 6.52%, after net profit spurted 80.8% to Rs 59.72 crore on 14.8% rise in net sales to Rs 436.86 crore in Q4 March 2010 over Q4 March 2009.
Market may extend gains on higher Asian stock; RIL, ICICI Bank in focus after Q4 results
The market may extend gains for the fifth straight day on higher Asian stocks. Forecast of a normal monsoon this year may further aid investor sentiment. Trading in S&P CNX Nifty index futures on the Singapore stock exchange indicate that the Nifty could gain 34 points at the opening bell.
However, volatility may remain high as traders roll over positions in the derivatives segment from the April 2010 series to the May 2010 series ahead of the expiry of the near-month April 2010 contracts on Thursday, 29 April 2010. Index heavyweight Reliance Industries (RIL) after market hours on Friday, 23 April 2010, posted lower than expected Q4 results. ICICI Bank and HDFC Bank reported good Q4 results on Saturday, 24 April 2010.
Asian stocks moved higher on Monday, after broad gains in US stocks on Friday. The key benchmark indices in Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan rose by between 0.47% to 2.08%. But, China's Shanghai Composite fell 0.2%.
US stocks rose to a 19-month high on Friday 23 April 2010 as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low. The Dow Jones industrial average gained 69.99 points, or 0.63%, to 11,204.28. The Standard & Poor's 500 Index rose 8.61 points, or 0.71%, to 1,217.28. The Nasdaq Composite Index added 11.08 points, or 0.44%, to 2,530.15.
Back home, the Indian Meteorological department (IMD) expects normal rainfall in the June-September monsoon season this year. Rainfall is likely to be 98% of the long-term average, it said. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The south west monsoon 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. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season holds key.
The Q4 March 2010 results announced so far have been good. The combined net profit of a total of 209 companies rose 26.4% to Rs 20075 crore on 45.6% rise in sales to Rs 178270 crore in the quarter ended March 2010 over the quarter ended March 2009. Carmaker Maruti Suzuki India and leading copper producer Sterlite Industries will announce their Q4 result today, 26 April 2010.
Index heavyweight Reliance Industries (RIL) after trading hours on Friday, 23 April 2010 said net profit rose 29.9% to Rs 4710 crore in Q4 March 2010 over Q4 March 2009. The results were below market expectations.
India's largest private sector bank by net profit ICICI Bank on Saturday, 24 April 2010 reported its net profit rose 35.2% to Rs 1005.57 crore in Q4 March 2010 over Q4 March 2009.
India's second largest private sector bank by net profit HDFC Bank on Saturday, 24 April 2010 reported its net profit rose 32.61% to Rs 836.62 crore in Q4 March 2010 over Q4 March 2009.
The latest data showed the annual food and fuel inflation ticked higher, raising worries central bank may raise interest rates before the next scheduled policy review in July 2010. The food price index rose 17.65% in the year to 10 April 2010. The fuel price index rose 12.45% and the primary articles index rose 14.14% in the year to 10 April 2010, the latest government data showed.
The Reserve Bank of India expects India's economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias, assuming a normal monsoon this year and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand.
In its half-yearly World Economic Outlook, the International Monetary Fund (IMF) has pegged India's GDP growth at 8.75% in calendar 2010 and 8.5% in calendar 2011. According to the IMF, domestic demand in India will strengthen as the labour market improves, and investment is expected to be boosted by strong corporate profitability, rising business confidence and favourable financing conditions.
Indian stocks rose for a fourth day in a row on Friday, 23 April 2010, after the Reserve Bank of India (RBI) raised interest rates on Tuesday, 20 April 2010, by less than some economists had expected and forecast inflation will slow. From a recent low of 17,400.68 on Monday, 19 April 2010, the BSE Sensex jumped 293.52 points or 1.68% to 17694.20 to settle at 17694.20 on Friday, 23 April 2010. Optimism about the fourth quarter corporate earnings and hopes of a normal monsoon this year aided the rally
The RBI said it will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted. A 25 basis points hike in the cash reserve ratio (CRR) with effective from 24 April 2010 will suck out excess liquidity of Rs 12500 crore from the banking system.
As per provisional figures on NSE, foreign funds bought shares worth Rs 339.30 crore and domestic funds bought shares worth Rs 29.0 crore on Friday.
Talwalkars - Nitesh Estates - Grey Market Premiums
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Talwalkars Better Value Fitness Ltd. | 123 to 128 | 16 to 18 |
| Nitesh Estate | 54 to 56 | 2.50 to 3 |
| Tarapur Transformers | 65 to 75 | 5 to 6 |
| Mandhana India Ltd. | 120 to 130 | 9 to 11 |
| Tara Health Foods | 180 to 190 | 5 to 7 |
| Sutlaj Jal Vidhut Nigam (SJVNL) | -- | 2 to 2.25 |
| Jaypee Infra | 102 to 117 | |
Strong global cues to push Indian indices up
Headlines for the day:
Government may relax FDI in retail
GMR Energy to raise Rs8,800 crore in debt
ACC's income from power sale rises four-fold
Events for the day:
Major corporate action
Tarapur Transformers IPO opens today
Ex-date for interim dividend of HCL Technologies
Results: Maruti Suzuki, Uco Bank, Bosch, Godrej Consumer
For more events, log on to Sharekhan.com
Pre-market report
Global signals
The European shares closed higher on Friday, led by banks, as Greece' request for an emergency loan and upbeat US home sales boosted investors' confidence, while Volvo rose after reporting strong results.
The US stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.
In today's trade, the Asian markets were trading in the positive territory, except Shanghai Composite. At the time of writing this report, SGX Nifty was trading 35.5 points higher.
Indian markets
With better home sales numbers and good earnings by the US stocks are some shines of recovery, post the Lehman crisis, this boosted the sentiments of the indices across the globe. The Asian indices rose almost 1% on an average. Even the problem area like Greece debt concern have requested for an emergency loan of 45 billion euros ($60.49 billion) from the European Union (EU) and the International Monetary Fund (IMF), which seemed to a sign of recovery and bring some positive triggers for the Indian indices that may likely open gap-up. However, the market may remain volatile owing to the F&O expiry to be announced later this week, the earnings which will be released through the day and the late Friday and Saturday quarterly results announcements of Reliance Industries and ICICI Bank may have some impact on the stocks through the session.
Commodity cues
In the commodity space, the crude oil prices remained nearly unchanged over the past two weeks as crude oil dipped and recovered during the same period, with the Nymex light crude oil for the May series rose by $1.42 per barrel, whereas in the metals space, the Comex Gold for the May series rose by $10.80 and the Comex Silver for the May series was increased by $0.18 to a troy ounce respectively.
Daily trend of FII/MF investment in equities
On April 23, 2010, the FIIs were the net buyers of the Indian stocks to the tune of Rs1747.70 crore, whereas the domestic mutual funds, on April 22, 2010, were the net buyers of the stocks to the tune of Rs247.60 crore.
Crude reverses course and ends strongly higher
Traders turn optimist following strong new home sales data
Crude oil prices ended higher at Nymex on Friday, 23 April 2010. Prices fluctuated in tandem with economic data throughout the day. Prices fell earlier in the day due to weak durable goods report. Then strong housing data pulled up prices. The weekly inventory report by energy department continued to affect prices.
On Friday, crude-oil futures for light sweet crude for June delivery closed at $85.12/barrel (higher by $1.42 or 1.7%). For the week, crude ended higher by 0.5%. 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 6.1%.
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 153% 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 0.12%.
Among economic reports expected for the day, The Commerce Department in US reported on Friday, 23 April 2010 that demand for U.S made durable goods dropped for the first time in four months as orders for new aircraft plunged 67%. But, excluding transportation, orders rose at the fastest pace in more than two years. As per the report, orders for durable goods fell 1.3% in March to a seasonally adjusted $176.7 billion after a 1.1% gain in February. Excluding transportation goods, however, new orders rose 2.8% to $136.5 billion in March, the fastest growth since the recession began in December 2007.
Elsewhere, The Commerce Department in US reported on Friday, 23 April 2010 that sales of new homes in US surged 27% in March to a seasonally adjusted annual rate of 411,000 after hitting a record low in February. The increase in sales was boosted by soon-to-expire tax break, low mortgage rates, and favorable weather. It was the largest percentage gain in sales since April 1963. It was the highest sales pace since July, and much stronger than the 335,000 expected. Sales in December, January and February were revised higher. In February, sales were revised to a 324,000 annualized pace, up from 308,000. It's still the lowest on record, dating to 1963. Sales are up 24% compared with March 2009, but are down 70% from the peak in 2005.
Earlier during the week, on Wednesday, EIA reported larger-than-expected jumps in oil and gasoline inventories for last week. The report detailed that crude oil inventories rose 1.9 million barrels in the week ended 16 April. Gasoline stockpiles rose 3.6 million barrels versus expectations of a 100,000-barrel gain. Distillate stockpiles added 2.1 million barrels, also above expectations of 840,000 barrels.
Among other energy products, gasoline for June delivery rose 5 cents, or 2.1%, to $2.3592 a gallon.
On Friday, natural gas for June delivery, the most active contract gained 13 cents, or 3%, to $4.34 per million British thermal units. The Energy Information Administration on Thursday had reported an increase of 73 billion cubic feet of the product to the nation's stockpiles, a smaller-than-expected rise. The build was over the 33 billion cubic feet five-year average, however.
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.
Allied Digital Services
Investors with medium-term investment perspective can consider buying the stock of Allied Digital Services (Rs 259.8). The company provides IT infrastructure management and technical support outsourcing services. After recording a life-time low of Rs 73 in March 2009 the stock reversed direction and has commenced an up-move.
However within this trend, it was on a medium-term corrective downtrend from late August 2009 peak of Rs 279 to late March levels of Rs 210. The stock has recently breached its 21- and 50-day moving average and then down trend-line emphatically.
We notice that there has been an increase in volumes over the past three trading sessions. As the daily relative strength index is nearing the overbought levels and the stock price is facing immediate resistance at Rs 265, investors should exercise caution over the short-termThe weekly RSI has entered into the bullish zone and weekly moving average convergence and divergence crossover signals a buy.
We believe that the stock has the potential to move upwards to our price target of Rs 295 in the mediumterm, following a minor pause around Rs 270. Investors with medium-term horizon can consider accumulating the stock in the zone between Rs 247 and Rs 255, with stop-loss at Rs 223.
FOLLOW UP: ITD CEMENTATION INDIA (RS 239)
The stock gained Rs 5 or 2 per cent over last week.We reiterate our medium-term bullish forecast on the stock. Investors can stay invested with the target and stop-loss mentioned last week. (This recommendation is based on technical analysis. There is a risk of loss in trading.)
via BL
Daily News Roundup - Apr 26 2010
DLF arm buys out PE stake in group firm for Rs31bn. (BL)
TCS, Infosys, Wipro and IBM vie for Bharti Airtel outsourcing operations worth over a US$1bn. (ET)
NTPC may raise US$500mn through external commercial borrowings this financial year. (BS)
EID Parry (India) says it has entered into an agreement with the promoters of GMR Industries, the agri business arm of GMR Group, to buy 51% of their stake in the company. (TOI)
ICICI Bank has brought back its special home loan offer following rival and mortgage major HDFC’s move to relaunch a similar product last week. (TOI)
Pantaloon Retail says the company will demerge three of its businesses, including that of food, into two of its subsidiaries. (TOI)
NTPC has missed its capacity addition target by almost 50% in 2009-10 by adding only 1560MW, as against a target of 3,330MW. (DNA)
ArcelorMittal has proposed a JV with SAIL to build a US$2.7bn steel plant in eastern India. (DNA)
Reliance Industries has zeroed in on Singapore based infrastructure firm InfraCo to offload 45% stake in its 25,000 acre-Jhajjar (Haryana) SEZ. (FE)
Tata motors may roll out 800cc small car by 2012. (BS)
Reliance Communications is close to signing an agreement with US-based GetJar to launch its own application store. (BS)
TCS, Infosys, HCL Technologies and Wipro get eliminated from the selection process for the Unique Identification Authority of India project. (BS)
Areva T&D to tie up with Bharat Forge, L&T on solar energy. (BS)
Maruti Suzuki plans to scale up production by at least 70,000 units this year. (BS)
MindTree is understood to have emerged as the winner for the application development services segment of the Unique Identification project. (BS)
International Finance Corporation will invest US$60mn in Apollo Tyres' greenfield manufacturing project coming up on the outskirts of Chennai. (FE)
Cairn India begins second crude oil processing plant at its Mangala oilfield in Thar desert of Rajasthan. (BS)
Tata Power offers to take over the distribution business of Reliance Infrastructure. (BS)
Government is mulling to more than doubling the price of natural gas produced by ONGC to US$4.20 per mmBtu. (BS)
Jaypee Infratech fixes the price band of its IPO at Rs 102-117 per share. (BS)
Escorts plans to launch up to three new tractor models in the next six months. (BS)
Coal India expects to seal strategic partnership deals with three listed companies abroad within six months, including Peabody Energy of the US. (BS)
Jet Airways is recasting itself as a network carrier by fortifying its international and domestic connectivity. (ET)
Religare Enterprises plans to go ahead with its health insurance business alone after talks of tie-ups hit a wall over support issue. (ET)
EID-Parry has entered into an agreement with GMR Holding to acquire a majority stake in GMR Industries. (ET)
Foreign exchange reserves rose by US$61mn to US$280bn for the week ended April 16. (BL)
Centre has fixed the ‘fair and remunerative price' of sugarcane for the ensuing 2010-11 sugar season at Rs 139/quintal. (BL)
Value of 3G spectrum moved up by over Rs6bn to close at Rs76bn. (BL)
Cabinet gave its nod to infuse Rs150bn in public sector banks during 2010-11 to help them maintain capital requirements and boost their credit growth. (BL)
Government is likely to increase tax on all forms of iron ore to 20%. (FE)
IMD forecasts a normal monsoon across the country this year. (BS)
RBI plans to free interest rates on certain segments of export finance. (BS)
Government is considering a proposal to ease foreign direct investment rules in the retail sector. (BS)
Daily Market Strategy - Apr 26 2010
"Victory is sweetest when you've known defeat."
It was exactly the case for the Chennai Super Kings as they edged out the favourites - the Mumbai Indians in the IPL final. As far as the market is concerned, the gains made over the past one year or so have been spectacular post the global meltdown. Today promises to be yet another sweet start for the market on the back of good global tidings. The key to watch is whether the Nifty closes above 5350.
Equities worldwide have gained after Greece decided to tap into the EU-IMF loan. The initial monsoon forecast is encouraging. Earnings from a couple of big private banks have been pretty robust. On the flip side, Reliance’s results were slightly disappointing. Crude oil is above $85. The political temperature is rising and calls for tighter bank regulations have got shriller in the US.
As the MI’s loss to CSK shows, nobody is invincible. So, one has to guard against complacency. No need to take undue risk. Wait for a decisive move in key indices. We expect the market to remain sideways and rangebound ahead of the Fed meet and F&O expiry.
Results Today: Allied Digital, AstraZeneca Pharma, Bosch, Geometric, Godrej Consumer, Indiabulls Financials, Indoco Remedies, Kiri Dyes, Kirloskar Brothers, Maruti Suzuki, Religare, Sterlite Industries, Tata Metaliks and Uco Bank.
FIIs were net buyers of Rs3.39bn on Friday on a provisional basis. Local funds were net buyers of Rs290.9mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs3.58bn. On Thursday, FIIs were net buyers of Rs17.48bn in the cash segment, as per the SEBI web site. Mutual funds were net buyers at Rs2.47bn in the cash segment on the same day.
US stocks closed higher on Friday, with the Dow, Nasdaq and S&P 500 all ending at fresh 2010 highs, buoyed by a stronger than anticipated new-home sales data, a spike in commodities and improved earnings from American Express.
The Dow Jones Industrial Average extended it's longest weekly winning streak in six years. A surprisingly weak durable-goods orders report had earlier raised worries about the state of the world's largest economy.
The dollar was volatile amid news that Greece had finally decided to accept the emergency financial aid jointly extended by European Union (EU) and the IMF.
A variety of homebuilder stocks jumped. Energy stocks too advanced as crude oil prices crossed USUS$85 a barrel and Schlumberger gave a promising outlook.
The Dow rose 70 points, or 0.6%, to end at 11,204.28, the highest close since Sept. 19, 2008. The S&P 500 index advanced 8 points, or 0.7%, to close at 1217.28, also the highest point since Sept. 19, 2008.
The Nasdaq gained 11 points, or 0.4%, to finish at 2530.15, the highest point since June 5, 2008.
The dollar fell versus the euro, giving up morning gains. The greenback advanced versus the yen.
US light crude oil for June delivery rose US$1.42 to US$85.12 a barrel on the New York Mercantile Exchange. Long-dated contracts suggested even stronger prices later in the year, including a move above US$90 by December.
COMEX gold for June delivery rose US$10.80 to settle at US$1,153.70 per ounce. Copper and silver also advanced.
Treasury prices fell, raising the yield on the 10-year note to 3.82% from 3.77% late on Thursday.
The Dow has now risen for eight weeks straight, its longest positive streak since January 2004. The Nasdaq has also risen for eight consecutive weeks. The S&P 500 ended lower last week and has risen for seven of the last eight weeks.
Stocks were choppy early in the morning as investors considered a variety of economic, corporate and geopolitical news. But the undertone turned positive by the close, with the Dow and S&P 500 ending at fresh 18-month highs and the Nasdaq closing at a new 22-month high.
Greece's prime minister chose to access up to US$53bn in aid from the EU and IMF. Greece's bond yields had hit record highs before the debt-plagued nation activated the loans made available to it earlier this month. The EU pledged to provide as much as US$40bn at a 5% interest rate, well below market rate. The IMF said it would lend Greece US$13bn.
Investors grew more optimistic about the US economy following a Commerce Department report showing that sales of new homes posted their largest year-over-year increase in nearly five years. Stocks erased early losses after the Commerce Department report.
In the housing report, new home sales rose to a 411,000-unit annual rate in March from a 324,000-unit annual rate in February, a 27% increase that was the fastest rate of gain in 47 years. Economists had expected sales of 330,000.
Orders for durable goods fell 1.3% in March, the Commerce Department reported. Orders rose 1.1% in February and were expected to rise 0.1% in March, according to a consensus of economists.
American Express reported higher quarterly earnings late on Thursday that topped estimates. The Dow component also said its customers spent more in the first quarter than a year earlier and that it set aside less money for loan losses. Shares gained 2% on Friday.
Fellow credit card distributor Capitol One Financial also posted earnings that improved from a year earlier and topped estimates, and also set aside less for loan losses than in previous quarters. However, the company said customer loan demand is still weak. Shares gained 2.5%.
Microsoft posted a higher quarterly profit that surpassed forecasts late Thursday. The results were due to a continued strong response to it Windows 7 operating system, introduced six months ago, as well as its Bing search engine. Shares fell 2% on Friday.
Also after the close on Thursday, Amazon.com reported earnings that jumped 68% from a year ago, surpassing forecasts, on higher sales that also beat expectations. Amazon shares fell 4.5%.
Merck rallied 5% and was one of the Dow's biggest gainers after it forecast charges related to healthcare reform that are lower than its rivals. Merck expects to take around US$170mn in charges this year and between US$300mn and US$350mn in charges next year.
Schlumberger shares were up 6.6% after it announced a 28% decline in first-quarter earnings but forecast a full-year turnaround. Smith International, which is due to be acquired by Schlumberger in a deal pending regulatory approval, was up 7.1%.
Sears Holdings Corp. gained 8.1%. The biggest US department-store company agreed to buy William Ackman’s hedge fund’s stake in Sears Canada Inc., in a move that would allow it to take the company private.
European stocks rose on Friday after Greece formally requested for access to EU-IMF loan package and business confidence in Germany improved. Investors also welcomed better-than-expected earnings from the likes of Adidas, Volvo, Ericsson and Akzo Nobel.
The Stoxx Europe 600 Index rose 0.8% to 267.42. The benchmark gauge for European shares has declined 0.2% this week, its second straight weekly loss. The Stoxx 600 has climbed 5.3% in 2010.
Greece formally asked to tap a €45bn (US$59.9bn) European Union-International Monetary Fund aid package on Friday. Greece's call for activation of the EU-IMF financial lifeline is a litmus test for the euro's strength and the economic bloc's unity.
The situation for Greek government bonds improved a bit after the news. But the Greek ASE Composite Index slipped 0.2% to 1,857.96.
Germany's DAX index climbed 1.5% to 6,259.53, the UK's FTSE 100 index rose 1% to 5,723.65 and the French CAC-40 index gained 0.7% to 3,951.30.
Friday's advance erased some of Thursday's 1.1% loss after Eurostat projected a significantly higher budget deficit for Greece in 2009 than the debt-heavy government had predicted. Also, Greece rating was subsequently downgraded by Moody's.
The euro, which tumbled on Thursday, managed to regain a bit of ground against the US dollar.
German business confidence rose to a two-year high in April as the global economic recovery boosted exports and industrial activity got a fillip from warmer weather. The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, increased to 101.6 from 98.2 in March. Economists expected a gain to 98.7.
A separately report showed that the UK economy grew half as much as forecast in the first quarter of 2010. GDP expanded by 0.2% from the final three months of 2009, the Office for National Statistics said. Economists had predicted a 0.4% gain.
The Indian markets outperformed international peers in a result heavy week as the RBI chose a more measured approach to monetary tightening than had been feared. Though the market did witness some volatility owing mainly to global jitters, overall mood was upbeat due to strong earnings momentum. Finally, the BSE Sensex gained 0.6% and the NSE Nifty added 0.8% to shut shop at 17,694 and 5,304 respectively. While, the broader indices did better than the benchmark indices, small-cap and the mid-cap index gained over 1.5% each.
Barring the Metals and the IT index all the other BSE sectoral indices ended in positive terrain. Big gainers were the BSE BSE Banking index rose over 5% followed by the BSE Auto index up 2.5%.
The FII continued to be net buyers in the Indian markets; they bought stocks to the tune of Rs5.28bn last five and even the DIIs turned net buyers to the tune of Rs5.30bn.
The BSE Sensex hit an intra-week high of 17,778 and low of 17,276 while NSE Nifty hit an intra-week high of 5,332 and low of 5,160.
Precious metals end on a strong note
Prices fluctuate in tandem with economic data
Precious metal prices ended higher on Friday, 23 April 2010 at Comex. Strong economic data weakened the dollar thereby imparting some shine on precious metals. Prices fell earlier in the day due to weak durable goods report. Then strong housing data pulled up prices.
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 Friday, gold for June delivery ended at $1,153.7 an ounce, higher by $10.8 (0.9%) an ounce on the New York Mercantile Exchange. Earlier during the day, it fell to a low of $1,135.2. For the week, gold ended higher by 1.5%. 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 5.2%.
On Friday, May Comex silver futures ended higher by 18 cents (1%) at $18.19 an ounce. For the week, silver lost 2.9%. 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 6.9%.
In the currency market on Friday, the dollar index, which measures the strength of the dollar against basket of six other currencies fell by 0.12%.
Among economic reports expected for the day, The Commerce Department in US reported on Friday, 23 April 2010 that demand for U.S made durable goods dropped for the first time in four months as orders for new aircraft plunged 67%. But, excluding transportation, orders rose at the fastest pace in more than two years. As per the report, orders for durable goods fell 1.3% in March to a seasonally adjusted $176.7 billion after a 1.1% gain in February. Excluding transportation goods, however, new orders rose 2.8% to $136.5 billion in March, the fastest growth since the recession began in December 2007.
Elsewhere, The Commerce Department in US reported on Friday, 23 April 2010 that sales of new homes in US surged 27% in March to a seasonally adjusted annual rate of 411,000 after hitting a record low in February. The increase in sales was boosted by soon-to-expire tax break, low mortgage rates, and favorable weather. It was the largest percentage gain in sales since April 1963. It was the highest sales pace since July, and much stronger than the 335,000 expected. Sales in December, January and February were revised higher. In February, sales were revised to a 324,000 annualized pace, up from 308,000. It's still the lowest on record, dating to 1963. Sales are up 24% compared with March 2009, but are down 70% from the peak in 2005.
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.
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