Tuesday, August 03, 2010
Sensex ekes out modest gains
Today’s major news:
Hindalco Industries Q1 net profit up 11% yoy; the stock ends 0.64% higher
Strides Arcolab gets MHRA nod for Brazilian unit; the stock closes 1.71% higher
Tulip Telecom inks pact with Qualcomm Inc; the stocks ends 0.30% up
BSE Bulk Deals to Watch - Aug 3 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/8/2010 524448 Ahlcon Par BIKRAMJEET AHLUWALIA B 173817 77.53
3/8/2010 524448 Ahlcon Par GLOBAL CREDIT CAPITAL LTD. S 48000 77.50
3/8/2010 524448 Ahlcon Par ABHISHEK FINANCE CO.LTD. S 120000 77.48
NSE Bulk Deals to Watch - Aug 3 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-AUG-2010,ASTERSILI,Aster Silicates Limited,ALFA FISCAL SERVICES PVT LTD,BUY,73316,131.99,-
03-AUG-2010,ASTERSILI,Aster Silicates Limited,ANIL FINTURE PVT LTD,BUY,50000,127.95,-
03-AUG-2010,ASTERSILI,Aster Silicates Limited,BP FINTRADE PRIVATE LIMITED,BUY,92498,132.43,-
ICICI Bank, RIL advance in range bound market
The key benchmark indices eked out small gains, rising for the second straight day, as banking stocks and index heavyweight Reliance Industries (RIL) rose. Strong sales reported by auto firms for July 2010, data showing sustained buying by foreign funds over the past two months and revival of monsoon rains in the crucial sowing month of July, supported the domestic bourses. The BSE 30-share Sensex was up 33.62 points or 0.19%, off close to 55 points from the day's high and up close to 40 points from the day's low.
Grey Market Premium - SKS Microfinance, Bajaj Corp
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Midfield Industries | 133 - 18 to 20 | |
| Engineers | 290 | 9 to 10 |
| SKS Micro Finance | 850 to 985 | 63 to 65 |
| Bajaj Corp. Ltd. | 630 to 660 | 85 to 90 |
| Prakash Steelage | 100 to 110 | 3 to 4 |
A good start again!
Cease to ask what the morrow will bring forth. And set down as gain each day that fortune grants - Horace.
After a fairly dull July, the Indian indices had the fortune of kicking off August on a healthy note. A combination of robust domestic fundamentals and improving external scenario sent stocks soaring on Monday. It all started in Asia, where a slowdown in China’s manufacturing sector stoked expectations of a slow tightening. Europe picked up the cues after HSBC and BNP Paribas announced stellar results, and euro-zone PMI climbed. On Wall Street, investors cheered a less than anticipated fall in manufacturing PMI, while construction spending rose unexpectedly.
Market may extend gains on firm Asian stocks
The market may extend Monday's (2 August 2010) gains on firm Asian stocks. Strong sales reported by auto firms for July 2010 will keep sentiment firm. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 14 points at the opening bell.
Stocks may shine at the start
Headlines for the day:
Mobile phone companies push for indigenisation
Reliance Retail's ex-chief plans $100 million PE fund
Rashtriya Chemicals & Fertilisers plans expansion at home, abroad
Daily News Roundup - Aug 3 2010
Maruti Suzuki has raised prices of all its models, except Alto, by up to Rs7,500 owing to sharp increase in its input costs. (ET)
L&T has secured an order worth Rs65bn from Jaiprakash Power Ventures for a 1,980MW power plant in Uttar Pradesh. (ET)
Banks lift Sensex above 18k
Bulls staged a smart comeback on Dalal-Street on Monday with the NSE Nifty ending near days high and the BSE Sensex closing above 18,000. After losing over 1% in the previous week, benchmark stock indices opened with a gap on account of healthy gains in the Asian markets. As the day progressed, a strong rally in European markets perked up the mood in India.
Banking stocks led today's advace, followed by Consumer Durables and Metals stocks. The Mid-Caps and the Small-Cap stocks extended recent gains.
Finally, the Sensex advanced 213 points to end at 18,081, while the Nifty rose 64 points to end at 5,432
Dena Bank
Investors with short-term trading perspective can buy the stock of Dena Bank. The stock recently moved above the key long-term resistance at Rs 98 that was the peak formed in January 2008. If the stock sustains above this level it will be considered a long-term break-out that can take it much higher from the current levels. The stock has been holding above this level, hovering in the zone between Rs 97 and Rs 102 since July 7.
Nifty August 2010 futures at premium
Turnover declines
Nifty August 2010 futures were at 5,440, at a premium of 8.35 points over spot closing of 5,431.65. Turnover in NSE's futures & options (F&O) segment was Rs 61,661.85 crore, lower than Rs 68,419.88 crore on Friday, 30 July 2010.
HSBC earning report gives a huge lift to US stocks
Dow trades with triple digit gains throughout the day
US stocks rallied right out of the gate on Monday, 02 August 2010 and stayed consistently higher throughout the day. Better than expected reports from couple of banks in Europe coupled with stronger than expected economic data at home helped stocks trade with triple digit gains throughout the day. Crude prices and other commodities also shot up with dollar weakening.
Red metal adds more sheen
Copper closes at the highest level in three months
Copper prices ended substantially higher at Comex on Monday, 02 August 2010. A weak dollar coupled with strong rally in US stocks and better than expected economic data led to rise in prices. Copper closed at the highest level in three months.
Bullion metals end higher
Silver shines while gold remains in search of direction
Bullion metal prices ended higher on Monday, 02 August 2010 at Comex. A weak dollar coupled with strong rally in US stocks and better than expected economic data led to rise in prices.
Crude shoots up
Prices rise to highest level in three months
Crude oil prices ended substantially higher on Monday, 02 August 2010. A weak dollar coupled with strong rally in US stocks and better than expected economic data led to rise in prices.
SKS Microfinance Final Subscription Figures - Allotment Chances
Qualified Institutional Buyers (QIBs) 20.38
Non Institutional Investors 18.26
Retail Individual Investors (RIIs) 2.81
Retail investors who applied for full, will get around 32/33 shares
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