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Wednesday, June 16, 2010
BSE Bulk Deals to Watch - June 16 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/6/2010 517356 ACI Infocom DIVYA ALOK GUPTA S 50000 23.15
16/6/2010 512008 Amani Trading CHAKRESH JAIN B 6000 106.00
16/6/2010 512008 Amani Trading ACHINTA DEB B 6000 97.00
16/6/2010 512008 Amani Trading CHAKRESH JAIN S 6000 97.00
NSE Bulk Deals to Watch - June 16 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-JUN-2010,KALINDEE,Kalindee Rail Nirman (Eng,GAURAV INVESTMENTS & CONSULTANCY (PVT) LTD.,BUY,80995,131.27,-
16-JUN-2010,KGL,Karuturi Global Limited,TRANSGLOBAL SECURITIES LTD.,BUY,2584219,16.30,-
16-JUN-2010,RIIL,Reliance Indl Infra Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,108186,999.02,-
16-JUN-2010,RIIL,Reliance Indl Infra Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,145298,1000.99,-
16-JUN-2010,RIIL,Reliance Indl Infra Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,79714,1008.13,-
16-JUN-2010,SELMCL,SEL Manufacturing Company,SAFFRON FINANCE LIMITED,BUY,1360805,68.44,-
Nifty June 2010 futures at discount
Turnover declines
Nifty June 2010 futures were at 5,223, at a discount of 10.35 points compared to spot closing of 5,233.35. Turnover in NSE's futures & options (F&O) segment was Rs 93,203.13 crore, lower than Rs 1,02,689.03 crore on Tuesday, 15 June 2010.
Asian stocks witness follow up buying
Strong overnight cues and lack of fresh negative news support sentiments
The Asian stocks went up smartly today, witnessing follow up buying after gains in last session with Japan and Australia leading the broad markets on exuberant overnight US cues and strength in commodity prices. The lack of further negative news on the Eurozone debt trouble continued to fuel the risk appetite in the markets and recent gains in Euro also augured well for risk appetite. The Spanish government denied media reports stating that the country is asking a credit line from the European Commission and IMF, ensuring that there is no further addition to the Eurozone debt worries. However, the mid day trades seemed to reflect a dash of moderation as the DOW futures slipped 36 points and dollar neared 1.2300 against the Euro.
Rally enters sixth day on earnings optimism
The key benchmark indices extended gains for the sixth day in a row to settle at one and half month highs as bulls continued to lap up stocks in anticipation of robust financial performance after frontline companies paid higher advance taxes for the first quarter ended June 2010. Global cues were positive with rally in US stocks overnight helping Asian and European markets log on gains. The barometer index BSE Sensex was up 50.04 points or 0.29%, up 55.57 points from the day's low and off 67.51 points from the day's high. Market breadth, though positive, was not as strong as it was in opening trade.
Advance Tax Figures - Q1FY11
| S.No. | Company | Advance Tax (Q1FY11) | Advance Tax (Q1FY10) |
| 1 | ACC | Rs 50 cr | Rs 60 cr |
| 2 | Ambuja Cement | Rs 65 cr | Rs 70 cr |
| 3 | Bajaj Auto | Rs 110 cr | Rs 50 cr |
| 4 | Bank of Baroda | Rs 225 cr | Rs 210 cr |
| 5 | Bharti Airtel | Rs 179 cr | Rs 100 cr |
| 6 | BHEL | Rs 400 cr | Rs 320 cr |
| 7 | CBI | Rs 100 cr | Rs 85 cr |
| 8 | HDFC | Rs 215 cr | Rs 175 cr |
| 9 | HDFC Bank | Rs 315 cr | Rs 250 cr |
| 10 | Hero Honda | Rs 75.7 cr | Rs 64.6 cr |
| 11 | HUL | Rs 75 cr | - |
| 12 | Infosys | Rs 275 cr | Rs 230 cr |
| 13 | HPCL | Rs 61 cr | Rs 15 cr |
| 14 | IDBI | Rs 80 cr | - |
| 15 | Johnson and Johnson | Rs 16 cr | Rs 14 cr |
| 16 | LITL | Rs 20 cr | Rs 12 cr |
| 17 | Lupin | Rs 15.6 cr | Rs 11.4 cr |
| 18 | Nestle India | Rs 44 cr | Rs 37.5 cr |
| 19 | NTPC | Rs 280 cr | Rs 276 cr |
| 20 | Oriental Bank | Rs 140 cr | Rs 70 cr |
| 21 | PFC | Rs 127 cr | Rs 110 cr |
| 22 | PNB | Rs 317 cr | Rs 263 cr |
| 23 | Ranbaxy | Rs 17.5 cr | Rs 15 cr |
| 24 | REC | Rs 128 cr | Rs 88 cr |
| 25 | RIL | Rs 653 cr | Rs 314 cr |
| 26 | Supreme Industries | Rs 15 cr | Rs 6 cr |
| 27 | Suzlon | Nil | Rs 35 cr |
| 28 | TCS | Rs 128 cr | Rs 53 cr |
| 29 | Union Bank | Rs 168 cr | Rs 104 cr |
| 30 | Yes Bank | Rs 50 cr |
Crude prices glide up
Prices move higher in tandem with higher US equities
Crude oil prices ended substantially higher on Tuesday, 15 June 2010 at Nymex. Prices were buoyed by weak dollar and strong economic data at Wall Street. Crude also moved higher in tandem with higher US equities.
Grey Market Premium - Parabolic Drugs
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Fatpipe Networks India Ltd. | 80 to 85 | Withdrawn |
| Parabolic Drugs Ltd. | 75 to 85 | 1.50 to 2 |
Market seen extending five-day rally on strong global cues
The market is likely to open on an upbeat note, extending five-day gains, on strong global cues. Trading in S&P CNX Nifty index futures on the Singapore stock exchange indicated that the Nifty could rise 21.50 points at the opening bell. However, gains may be capped after the government proposed to impose a capital gains tax on all stock market transactions by Indians and overseas funds as a part of changes in tax laws.
Daily News Roundup - June 16 2010
Cairn India has started selling crude oil from its Mangala oil field in Rajasthan to private sector Reliance Industries and Essar Oil using a heated oil pipeline. (ET)
ONGC has said that its Assam asset is losing production due to ‘infinite' shut-down of Numaligarh Refinery Ltd, a subsidiary of Bharat Petroleum. (BL)
Sensex, Nifty shrugs off Greece downgrade
The Indian markets extended their recent advance into the fifth straight trading session, as healthy global cues coupled with encouraging advance tax numbers from India Inc. offset downgrade of Greece by Moody's. Today the upswing was surprisingly led by the Realty sector. The market opened nearly flat and later went on to slip before rebounding in mid-afternoon trade.
No taxing times for bulls!
"My downfall raises me to infinite heights." Napoleon Bonaparte.
Downgrades be dammed! That’s perhaps what the bulls might have said as they went about their business despite Moody’s pruning Greece’s bond rating. What is even better news is that European markets recovered to rise for a fifth consecutive session. The euro has held above $1.23, signaling growing confidence with Europe's ability to deal with its debt crisis. US shares on Wall Street posted stronger gains with the S&P 500 moving past the 200-day moving average. This morning stock benchmarks in Asia have continued the momentum, with the Nikkei in Japan leading the advance. Markets are shut in Hong Kong, China and Taiwan for a public holiday.
Market may open higher on global rally
Headlines for the day:
Govt softens stand in new tax code
Emami to seal Egyptian buy soon
Cipla unveils Rs300 crore plan to foray into biosimilar space
Bullion metals shine
Prices rise due to weak dollar
Bullion metal prices ended higher on Tuesday, 15 June 2010 at Comex. Prices remained volatile during the day but ultimately ended higher due to lower dollar.
Sintex Industries
Investors with short-term trading perspective can consider buying the stock of Sintex Industries. Since March 2009 low of Rs 70 the stock has been on an intermediate-term uptrend, forming higher peaks and higher troughs. However, the stock took support from its long-term support zone between Rs 260 and Rs 265 in late May 2010, following a short-term downtrend from its peak of Rs 337. Subsequently, the stock started to move upward and it appears to have resumed its intermediate-term uptrend. On June 14, the stock gained 5 per cent with above average volume, reinforcing the bullish momentum. Both the daily and weekly relative strength indices are heading towards the bullish zone. Moreover, the 14-day price rate of change oscillator is hovering above the zero line indicating buying interest. Considering that the stock's intermediate-term up trend-line is in tact, we are bullish on the stock from a short-term perspective. We anticipate the stock to move up until it hits our price target of Rs 306 or Rs 313 in the approaching trading sessions. Short-term traders can buy the stock with stop-loss at Rs 289.
via BL
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