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Thursday, July 08, 2010

Post Market - July 8 2010

Markets marched ahead on the back of supportive global cues to close higher by a percent. Sensex gained 180 points to close at 17651 while Nifty ended at 5296, up 55 points. BSE Mid-cap and Small-cap indices gained 0.9% and 0.6% respectively. Sparked by recent hike in fuel prices, Fuel inflation for the week ended June 26th jumped to 18.02% versus 12.90% for the previous week. Food inflation stood at 12.63% as against 12.92% for the week ago while Primary article inflation rose to 16.08% from 14.75% a week ago. European markets were trading higher by about a percent ahead of announcement on interest rate by Bank of England and ECB. US stock indices futures however down nearly a fifth of a percent awaiting reports on employment and retail.

All the BSE sectoral indices closed in green with Consumer Durable and Realty indices gaining the most, up 2% and 1.6% respectively. BPCL surged 6.4%, becoming the top gainer among the nifty stocks, followed by Sterlite industries, up 3.3%. ACC and Sun Pharma were the top losers, down 1.9% and 1.5% respectively. BSE advance-decline ratio stood at 1.5:1.

BSE Bulk Deals to Watch - July 8 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/7/2010 530713 Ajel Info TRANS FINANCIAL RESOURCES LIMITED B 312582 34.68
8/7/2010 530713 Ajel Info ARIKATLA SRINIVASA REDDY S 362579 34.88
8/7/2010 530713 Ajel Info TRANS FINANCIAL RESOURCES LIMITED S 312582 34.90

NSE Bulk Deals to Watch - July 8 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-JUL-2010,ABAN,Aban Offshore Ltd.,NORGES BANK,BUY,471415,863.46,-
08-JUL-2010,BAGFILMS,B.A.G Films and Media Ltd,SAFFRON FINANCE LIMITED,BUY,1501578,17.46,-
08-JUL-2010,CELESTIAL,Celestial Biolabs Limited,SAR AUTO PRODUCTS LIMITED,BUY,24946,44.36,-
08-JUL-2010,EVERONN,Everonn Education Limited,CNB FINWIZ LIMITED,BUY,94564,526.35

Sensex ride on global rally

Today's major news

Food inflation eases to 12.63%

Suzlon Energy bags 25MW order from Hindustan Petroleum Corporation; Suzlon ends 0.34% higher

KEC International wins Rs610 crore orders; the stock closes 0.60% higher

Muted H1CY10, Sensex still ahead of peers

No one would have even dreamt that the Sensex would stage a smart come back in 2009 after a disappointing 2008. The year 2009 was full of exuberant for the Sensex as it gave best yearly performance since 1999. The global economic indicators signaling recovery led the Sensex to zoom 80% in 2009.

Nifty July 2010 futures above 5,300

Turnover rises

Nifty July 2010 futures were at 5,305.10, at a premium of 8.25 points compared to spot closing of 5,296.85. Turnover in NSE's futures & options (F&O) segment increased to Rs 71,606.89 crore from Rs 69,053.31 crore on Monday, 5 July 2010.

Stocks end in green across Asia

Risk appetite stays firm on upbeat overnight cues and ideas of a strong global recovery

Asian markets moved up on strong cues from the overnight US markets and ideas that the renewed wave of risk appetite in the global markets would stay on.

Hindustan Media Ventures IPO ends with 5.43 times subscription

Gets bids for 7.5 crore shares

The initial public offer (IPO) of Hindustan Media Ventures (HMVL), the publisher of Hindi daily Hindustan, was subscribed 5.43 times. The IPO got bids for 7.50 crore shares compared with 1.38 crore shares on offer.

Bank, IT stocks lead 1% Sensex surge

The key benchmark indices surged as a hike in 2010 global growth forecast from the International Monetary Fund, firm global stocks and stock market regulator Securities & Exchange Board of India (Sebi)'s decision to reduce exposure margins for stock derivatives, boosted investor sentiments. Expectations of strong Q1 June 2010 corporate earnings also contributed to the rally.

Gap-up start likely on strong global cues

Headlines for the day:

RBI moves Finmin to secure autonomy

Network18 recasts business into two listed companies

International Finance Corporation to invest Rs70 crore in Vicat Sagar

Grey Market Premiums - Hindustan Media Ventures

Company Name

Offer Price




Aster Silicates Ltd.


7 to 7.50

Technofab Engineering


28 to 29

Hindustan Media Ventures

162 to 175


Market may surge at open on firm global stocks

The market may surge on firm global stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 67.50 points at the opening bell. The government will unveil data on some wholesale price indices for the year through 26 June 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST today.

Daily News Roundup - July 8 2010

IDFC to raise Rs8.4bn through the sale of convertible securities to Khazanah, investment holding arm of Malaysian government and Actis. (ET)

Reliance Infra to buy power from three suppliers for the next three years. ((ET)

Maindra Satyam sets up centre for BASF services in Chennai. (ET)

NMDC in talks to buy coal mines in Russia. (ET)

Kingfisher Airlines has agreed to pay all its dues to HPCL by July 31

Gitanjali Gems enters into real estate business. (BS)

Media companies such as PVR, Balaji Telefilms and UTV Motions have opposed tax on copyright services. (BS)

PTC arm, PTC Financial Services Ltd (PFS) to list by November. (DNA)

Reliance Mediaworks has raised its stake in Fame. (DNA)

Ruchi Soya plans to acquire 150,000 hectares of land for palm plantation in Africa and Asia. (BS)

SCI not to bid for JNPT fourth container terminal. (DNA)

Karuturi Global to invest US$100mn in its new sugar unit in Ethiopia. (DNA)

Coal India may tap capital markets via IPO in October. (ET)

Sebi relaxes exposure margin norms for derivatives. (BS)

Government mulls restrictions on hot-rolled coil imports. (BS)

The RBI has urged FM to allow the Securities and Insurance Laws ordinance 2010 to lapse since it could affect the autonomy of all regulators including the Central Bank. (BS)

Tea prices to firm up on low output. (BS)

RBI board may discuss private banking license today. (BS)

Telecom Commission has failed to take a decision on BSNL listing in its meet on Wednesday. (ET)

Government may raise FDI in defence sector. (ET)

FICCI demanded that the MAT rate to be cut to 15% of the book profit in the Direct Tax Code. (ET)

Slippery street…Nifty ends below 5,250

Indian stocks slipped on Wednesday, erasing some of the previous session's gains, as equities worldwide turned lower after a weaker than expected service sector report in the US reinforced a growing view that the global recovery is in danger of losing momentum.

No stress for bulls

Good tests kill flawed theories; we remain alive to guess again. Karl Popper.

Guessing is really less required to predict today’s trading outlook. Unlike the weather in Mumbai, the prospects look bright and beautiful today in the wake of one of the biggest global rallies in recent memory. Risk appetite seems to have returned overnight, perhaps temporarily as equities and commodities raced across the globe.

India Banks

India Banks

BGR Energy Systems

BGR Energy Systems

Daily Market Outlook - July 8 2010

Daily Market Outlook - July 8 2010



Daily Technicals - July 8 2010

Daily Technicals - July 8 2010

Indiabulls Real Estate

Indiabulls Real Estate

SGX Nifty jumps very high

5,319.00 +71.50