Reliance Communication - event update
Monday, June 28, 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/6/2010 526955 ABL Biotech SILVER GOLDEN PROPERTY DEVELOP FIN INVESTMENT LIMITED S 100000 20.00
28/6/2010 526955 ABL Biotech RAVAL ANKITKUMAR D S 59501 20.62
28/6/2010 530901 ACIL Cot Inds JAYSHREE SHANKAR BHOSLE B 100000 34.69
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-JUN-2010,COREPROTEC,Core Projects and Technol,PACIFIC CORPORATE SERVICES LTD,BUY,460000,235.50,-
28-JUN-2010,COREPROTEC,Core Projects and Technol,THE ROYAL BANK OF SCOTLAND N.V.,BUY,2100000,232.41,-
28-JUN-2010,JHS,JHS Svendgaard Laboratori,EXON GLOBAL ENTERPRISES PVT LTD,BUY,75000,62.78,-
28-JUN-2010,LOTUSEYE,Lotus Eye Care Hospital L,PRUDENTIAL STOCK & SECURITIES LTD,BUY,108000,20.99,-
28-JUN-2010,SURYAROSNI,Surya Roshni Ltd,TERRANOVA TECHNOLOGIES LIMITED,BUY,411000,88.46,-
28-JUN-2010,COREPROTEC,Core Projects and Technol,PACIFIC CORPORATE SERVICES LTD,SELL,2800000,233.49,-
28-JUN-2010,LOTUSEYE,Lotus Eye Care Hospital L,PRUDENTIAL STOCK & SECURITIES LTD,SELL,108000,20.15,-
28-JUN-2010,VOLTAMP,Voltamp Transformers Limi,DEUTSCHE SECURITIES MAURITIUS LIMITED,SELL,56000,1021.20,-
The increase in the fuel prices will help oil marketing companies (OMCs) cut under-recoveries by Rs22,000 crore this year, thereby easing pressure on the government finances and bringing down the fiscal deficit.
"These changes will help the fiscal and the revenue deficits to decline," finance ministry's chief economic adviser Kaushik Basu said on Friday (June 25, 2010), after an empowered group of ministers led by the Finance Minister Pranab Mukherjee decided to free petrol prices and raise prices of kerosene, diesel and cooking gas.
Nifty July 2010 futures were at 5338.55, at a premium of 5.05 points over spot closing of 5333.50. Turnover in NSE's futures & options (F&O) segment fell to Rs 60,166.73 crore from Rs 77,422.45 crore on Friday, 25 June 2010.
Gets bids for 1.28 crore shares
The initial public offer of Aster Silicates, which manufactures sodium silicate, was subscribed 2.7 times by 15:00 IST on Monday, 28 June 2010. The IPO got bids for 1.28 crore shares compared with 47.41 lakh shares on offer.
The key benchmark indices snapped last two days' losses on firm global stocks. The market breadth was strong. Oil & gas stocks extended Friday's (25 June 2010) sharp gains after the government freed petrol pricing and raised prices of other fuels. Metal, auto, sugar and realty stocks also gained. Except the BSE FMCG index, all the other sectoral indices on BSE were in green.
Storm concerns push prices higher
Crude oil prices shot up substantially on Friday, 25 June 2010 at Nymex. Prices rose as traders turned their notice towards a storm that was shaping up in the Caribbean and could halt production at Gulf of Mexico. Weak dollar also aided in higher crude price.
RNRL signed a revised gas sale master agreement with Reliance Industries for supply to the former's proposed power plant at Dadri in Uttar Pradesh, close to Delhi. (BS)
Reliance Communications says it has agreed to sell its telecom business to GTL Infrastructure. (BL)
That's the secret to life... replace one worry with another - Charles M. Schulz.
Earlier the worry was whether the Government would decontrol fuel prices. Now the worry is whether such a step will flare up inflation and invite an intra-cycle rate hike from the RBI. Whether the central bank will oblige or not only time will tell. The RBI is scheduled to meet on July 27 for the first quarter review.
The key benchmark indices surged in early trade as Asian stocks and US index futures gained. The market breadth was strong. Oil & gas stocks extended Friday's (25 June 2010) gains after government freed petrol pricing and raised prices of other fuels. Reliance Communications, India's second biggest cellphone operator by sales, jumped more than 4% after company agreed to merge its telecom towers business with that of GTL Infrastructure. The BSE 30-share Sensex was up 88.80 points or 0.51%. Consumer durables stocks rose.
Reliance Communication (RCom) said on Sunday that it has agreed to sell its telecom tower business to GTL Infrastructure, a Mumbai-based listed company.
RCom's tower business is operated under a 95-per cent owned company - Reliance Infratel. Under the deal, the details of which are yet to be announced, Reliance Infratel will merge its tower business with GTL Infrastructure.
Investors with medium-term investment perspective can consider buying the stock of Pidilite Industries (Rs 122.7). After finding significant support at Rs 40 in March 2009, the stock started rising. Since then, the stock has been forming higher peaks and higher troughs.