Search Now

Recommendations

Friday, July 30, 2010

NSE Bulk Deals to Watch - July 30 2010


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUL-2010,AMARJOTHI,Amarjothi Spinning Mills,SAR AUTO PRODUCTS LIMITED,BUY,46137,65.60,-
30-JUL-2010,ASTERSILI,Aster Silicates Limited,AKSHI FINANCE PRIVATE LIMITED,BUY,120384,232.57,-
30-JUL-2010,ASTERSILI,Aster Silicates Limited,ALFA FISCAL SERVICES PVT LTD,BUY,58564,227.58,-

SKS Microfinance - July 30 2010 - Subscription Details


Qualified Institutional Buyers (QIBs) 1.44
Non Institutional Investors 0.05
Retail Individual Investors (RIIs) 0.07

Very low interest from HNIs and Retail for now. QIB expected to pick up today.

SKS Microfinance, Bajaj Corporation Grey Market Premiums


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Midfield Industries Ltd.

133

18 to 20

Engineers India (FPO)

270 to 290

--

SKS Micro Finance

850 to 985

68 to 70

Prakash Steelage

100 to 110

6 to 8

Bajaj Corp. Ltd.

630 to 660

35 to 36

Market may open lower on weak Asian stocks


The market may open lower as Asian stocks fell after weak global economic data. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could fall 28 points at the opening bell.

India's largest motorbike maker by sales Hero Honda Motors may see selling pressure as net profit declined 1.6% to Rs 491.69 crore on 12% growth in turnover to Rs 4296.61 crore in Q1 June 2010 over Q1 June 2009. The company announced the result after trading hours today, 29 July 2010.

Daily News Roundup - July 30 2010


DLF may raise Rs25bn via sale of non-core assets. (BS)

Sun Pharma wins over Eli Lily in a patent litigation over Gemzar, a drug used in cancer treatment, with a US federal court ruling in its favour. (BS)

F&O expiry...Nifty ends above 5400


After out-performing the global market last month, the Indian market has started to under-perform in the recent sessions, as a few earnings missed expectations and the RBI raised key rates for the fourth time this year. Also, some of the economic reports are pointing to a slight slowdown in the Indian economy.

Another quiet session


The love of economy is the root of all virtue. George Bernard Shaw.

Markets head for a negative start


Headlines for the day:

Finance Minister rejects 3G refund plea

KEC International bids for US-based SAE Towers

DLF may raise Rs2,500 crore via sale of non-core assets

SGX Nifty Live Update - July 30 2010


5,388.50 -34.50

Bullion metal prices rise


Weak dollar imparts shine to precious metals

Bullion metal prices ended higher on Thursday, 29 July 2010 at Comex. Prices rose due to a weak dollar.

Crude surges


Prices start the day in the red but then recover as dollar weakens

Crude oil prices managed to pare their earlier losses on Thursday, 29 July 2010 at Nymex and ended substantially higher for the day. Prices rose due to weak dollar and better than expected initial claims data.

Welspun India


Welspun India

Petronet LNG


We recommend a buy in the stock of Petronet LNG from a short-term perspective. The stock jumped 10 per cent on July 29, conclusively breaking out of its medium-term sideways consolidation range between Rs 76 and Rs 86. With this break through the stock has resumed its long-term uptrend and also reinforced the bullish momentum. We notice that there is an increase in volume over the past three trading sessions. The stock is hovering well above its 21- and 50-day moving averages. The 14-day relative strength index is featuring in the bullish zone and the weekly RSI is entered in to this zone from the neutral region. Both the daily and weekly moving average convergence divergence oscillators are featuring in the positive territory signalling upward momentum. The stock's intermediate-term uptrend trend-line is in tact. Our short-term outlook on the stock is bullish. We anticipate the stock to move up further until it hits our price target of Rs 97 and 100 in the forthcoming trading session. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 92.

via BL

Union Bank of India


Union Bank of India

TNPL


TNPL

Taj GVK Hotels


Taj GVK Hotels

Sun TV Limited


Sun TV Limited

Sun Pharma


Sun Pharma

Patni Computers, EKC, Voltas, Piramal Glass


Patni Computers, EKC, Voltas, Piramal Glass

Patni Computers Ltd


Patni Computers Ltd

Orbit Corporation


Orbit Corporation

Oil India


Oil India

Motilal Oswal Financial Services


Motilal Oswal Financial Services

Marico


Marico

Maharashtra Seamless


Maharashtra Seamless

Mahindra and Mahindra


Mahindra and Mahindra

Lakshmi Machine Works


Lakshmi Machine Works

Kewal Kiran Clothing


Kewal Kiran Clothing

Jyoti Structures


Jyoti Structures

Jyothy Labs


Jyothy Labs

Jindal Steel and Power


Jindal Steel

HT Media LTd


HT Media LTd

HCL Technologies


HCL Technologies

Piramal Glass


Piramal Glass

Everest Kanto


Everest Kanto

Corporation Bank


Corporation Bank

Cinemax India


Cinemax India

Blue Star


Blue Star

Asian Paints Limited


Asian Paints Limited

Asian Paints Ltd


Asian Paints Ltd

Aban Offshore


Aban Offshore

SKS Microfinance IPO Review


SKS Microfinance IPO Review

Transformers and Rectifiers


Transformers and Rectifiers

Bajaj Auto - new launches


Bajaj Auto - new launches

Hindustan Unilever


Hindustan Unilever

Patni Computers


Patni Computers

Reliance Industries


Reliance Industries

Smart Invest - July 29 2010


Smart Invest - July 29 2010

Smart Trade - July 29 2010


Smart Trade - July 29 2010

Sun TV, Jindal Power and Steel, DLF, Mahindra and Mahindra, Tata Communications, Corporation Bank, Patni Computer Systems, Voltas, Jubilant Organosys


Sun TV, Jindal Power and Steel, DLF, Mahindra and Mahindra, Tata Communications, Corporation Bank, Patni Computer Systems, Voltas, Jubilant Organosys, Havells, Phoenix Mills, Sobha Developers, Ashok Leyland, Welspun Gujarat, Cadila Healthcare

Nifty above 5400 on July F&O expiry


Today's major news

Food inflation eases to 9.67%

Oil & Natural Gas Corporation's Q1 net profit slips 24% yoy; the stock closes 1.07% lower

Steel Authority of India’s Q1 net profit dips 12% yoy; the stock ends 1.61% down

Asian markets tread water; China surges to 2-Month High


Japanese stocks remain an exception as Nikkei falters

Asian market managed to finish the Thursday session slightly above the flat line on Thursday, 29 July 2010, after regional companies reported better-than-expected quarterly earnings and signs that Europe's economy is bouncing back faster than expected.

Market ekes out small gains; RIL slides


The key benchmark indices eked out small gains as global stocks rose. Sustained buying by foreign funds, revival of monsoon rains this month and latest data showing easing of food inflation, supported stocks. The BSE 30-share Sensex rose 34.63 points or 0.19%, up close to 90 points from the day's low and off close to 20 points from the day's high. Index heavyweights Reliance Industries (RIL) edged lower in volatile trade. The market breadth was negative.