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Tuesday, September 07, 2010
BSE Bulk Deals to Watch - Sep 7 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/9/2010 500003 Aegis Logistics SAPPHIRE COMMERCIAL PVT.LTD. B 96397 306.07
7/9/2010 500003 Aegis Logistics SAPPHIRE COMMERCIAL PVT.LTD. S 94758 298.57
NSE Bulk Deals to Watch - Sep 7 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-Sep-10,APOLLOTYRE,Apollo Tyres Ltd.,GMO EMERGING MARKET FUND,BUY,4410100,86.73,-
07-Sep-10,ATLASCYCLE,Atlas Cycles (Haryana) Lt,C R KOTHARI AND SONS EQUITIES PRIVATE LIMITED,BUY,18841,300.17,-
Momentum continues; Nifty above 5600
Major headlines
Apollo Tyres faces fine for price fixing in South Africa; the stock closes 0.69% lower
Gujarat NRE jumps on fund raising plan; the stock ends 7.31% higher
JSW Steel’s crude steel production up 3%; the stock closes up by 1.89%
Cement shares rally in volatile market
The key benchmark indices extended gains for the second consecutive trading session today, 7 September 2010, with good monsoon rains supporting stock prices. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty scaled 31-month closing highs. But, trading was marked with immense volatility throughout the trading session.
HOT! - Latest Grey Market Premiums - Sep 7 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| | 46 | 9.50 to 11 |
| Microsec Fin | 110 to 120 (Approx) | 33 to 34 |
| CTV Network | 100 to 110 (Approx) | 18 to 18.50 |
| Ashok Buildcon | 280 to 300 (Approx) | 52 to 53 |
| VA Tech Wabag | 1200 to 1300 (Approx) | 280 to 285 |
Market may extend Monday's strong gains
The market may edge higher extending Monday (September 2010)'s spectacular rally as most of Asian stocks ticked higher. Sustained buying by foreign funds and good rains may continue to drive share prices higher. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 10 points at the opening bell.
Yesterday's gone!
“When you can think of yesterday without regret and tomorrow without fear, you are near contentment.” Anonymous.
Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different.
Sensex to open flat
Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different.
So, one should be a little bit careful even as the bulls look to lift the key indices further up. Today’s start will be steady to cautious but the sentiment could turn around by the close, especially if the overseas markets extend gains.
Small- and Mid-cap counters will remain abuzz but don’t get carried away.
Asian markets are mixed to flat. European markets finished marginally higher on lower volumes. The US markets were closed for Labor Day.
Central banks in Japan and Australia are set to leave key rates steady today. Bank of Canada will take a call on rates tomorrow. The Bank of England will review its policy on Thursday.
The RBI meets on Sept. 16 to review its policy rates. The latest IIP data will be out on Sept. 10 and August inflation on Sept. 14.
The Nifty may surpass 5600 and go even farther but expect some resistance. Near-term support is likely at around 5550.
IT firms could be in action amid reports that ABN Amro could renew its $1bn contract. Shree Renuka Sugars is mulling picking up a major stake in NCDEX along with Jaypee Capital.
Pawan Kumar Ruia is considering a German acquisition under the listed entity - Falcon Tyres. Jindal Stainless is seeking permission of lenders to buy stake in a Orissa power project.
Idea Cellular could attract some attention amid reports that Etisalat may look at buying a stake in the company.
Karur Vysya Bank will consider a Bonus and a Rights Issue today.
The Board of Directors of Jyoti Ltd. will meet today to consider preferential allotment to promoters and non-promoters.
FIIs were net buyers of Rs9.46bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were also net buyers of Rs3.92bn. In the F&O segment, the foreign funds were net buyers at Rs38.60bn. FIIs were net buyers of Rs4.86bn in the cash segment on Friday, as per SEBI's web site.
Important News Snippets For The Day:
The petroleum ministry has approved part-sale of government’s stake in ONGC and IOC, a move that could fetch the government over Rs240bn this financial year.
A proposed Rs500bn deal to merge telecom tower assets of Reliance Infratel with GTL Infrastructure has failed to materialize.
Reliance Industries, which has struck three shale gas joint ventures with US firms this year, may make a full buyout next, as the cash-rich firm builds the knowledge it needs to run such operations.
Shree Renuka Sugars is setting up an integrated sugar-cum-ethanol plant with oil marketing company Hindustan Petroleum Corporation (HPCL) in Maharashtra.
Hindustan Copper and Nalco’s joint bid to acquire a copper mine in Namibia has fallen flat after the mine owner decided to withdraw the offer halfway through the due diligence process.
HDFC Bank raised its benchmark prime lending rate (BPLR) by 50bps to 16.25%.
Tata Steel has raised the prices of flat products by about Rs1,000 a ton.
Markets may begin flat
Headlines for the day:
Renuka sugars, HPCL plan ethanol unit in Maharashtra
R-Power and RNRL merger gets nod
OilMin refers Cairn India sale to SEBI
Monday, September 06, 2010
Turnover jumps
Nifty September 2010 futures at discount
Nifty September 2010 futures were at 5,575.70, at a discount of 1.25 points compared to spot closing of 5,576.95. Turnover in NSE's futures & options (F&O) segment jumped to Rs 114398.70 crore from Rs 65255.26 crore on Friday, 3 September 2010.
Asian markets start the week on upbeat note
Risk appetite remains strong following softer than forecast drop in US non farm payrolls
Asian markets mostly gained today followed upbeat cues from the US markets on Friday as the risk appetite remained strong following softer than forecast drop in US non farm payrolls. The markets steadily built upon the last week's gains but the movement was quiet as trading interest was thin ahead of the US Labor Day Holiday today. The US stocks rallied to their best closing levels in three weeks ahead of a long weekend on Friday. The major averages ended the day near their highs for the session. The Dow jumped by 127.83 points or 1.2 percent to end at 10,447.93. The index rose by nearly 3% for the week.
D-Street closes at day`s high; Sensex surges 339 pts
Dalal Street closed at day`s high today, as Indian equities witnessed a magnificent rally aided by strong global cues, persistent buying seen in heavyweights like Reliance Industries, ICICI Bank and Infosys. On sectoral front, metals gained the most followed by banking, realty, oil & gas and IT stocks. Broader markets too led the upsurge. Both Sensex and Nifty at 31 month high.
Sensex buoyant as global markets rally
Major headlines
Unity Infraprojects gets Rs75 crore order
GTL Infrastructure dips as tower biz deal with RCom fails
Opto Circuits' US arm gets USFDA nod
BSE Bulk Deals to Watch - Sep 6 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/9/2010 512344 Aravali Sec ANITA RAKESHKUMAR RANKA S 90432 16.06
6/9/2010 524760 Arvind Intl PADAMRAM KARNAJI CHAUDHARY B 35500 14.13
NSE Bulk Deals to Watch - Sep 6 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
06-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ARCHITA C GADA,BUY,25236,293.49,-
06-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BP FINTRADE PRIVATE LIMITED,BUY,16692,295.49,-
Sensex gains 1.86% in broad-based rally
The key indices scaled 31-month highs on signs the global economic recovery is on track. Stocks rose across the globe as better-than-expected US payrolls data late last week eased market anxiety over chances of a double-dip recession in the world's biggest economy. Besides strong global cues, a good monsoon this season and sustained buying by foreign funds, boosted domestic investor sentiment. The BSE Sensex crossed 18,500 mark and Nifty crossed 5,550 level.
Grey Market Premiums - Microsec Financial, Gujarat Pipavav, CTV Networks, Ashok Buildcon, VA Tech
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| | 46 | 9.25 to 10 |
| Microsec Fin | 110 to 120 (Approx) | 35.50 to 36 |
| CTV Network | 100 to 110 (Approx) | 18.50 to 19 |
| Ashok Buildcon | 280 to 300 (Approx) | 39 to 40 |
| VA Tech Wabag | 1200 to 1300 (Approx) | 220 to 230 |
US stocks register substantial weekly gains
Job data checks in better than expected at Wall Street
US stocks registered substantial gains for the week that ended on Friday, 03 September 2010. Better than expected economic data, mainly on the last day of the week sent stocks surging on that day. Other than that, there were major news in the merger and acquisition area. Corporate earnings continued to trickle in and did not disappoint in most cases. The week ended on a positive note following a better-than-expected U.S. employment report.
Strong data fails to push up crude
Prices register weekly loss of 0.8%
Despite a better than expected job report, crude prices ended lower on Friday, 03 September 2010 at Nymex. Prices ended lower even though dollar weakened and economic reports checked in better than expected.
Bullion metals end mixed
Silver rises to two-year high but gold slips
Precious metals ended mixed on Friday, 03 September 2010 at Comex. Silver prices rose to two-year highs and gold prices fell from its two month highs. Gold prices fell as the job report at Wall Street checked in better than expected thereby decreasing the appeal of precious metals as an alternate investment.
Red metal turns strong
Strong economic data raises hopes for demand of the metal
Copper prices posted a fresh four-month high on Friday, 03 September as investors hoped the recovery will translate in more demand for the metal, used in construction and industry applications.
Market may extend last week's gains on firm Asian stocks
The market may extend last week's gain on firm Asian stocks, which rose after an encouraging economic data in the US. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 27 points at the opening bell.
Daily News Roundup - Sep 6 2010
Wipro and Leica Geosystems bags Rs1.2bn project that involves setting up operator-independent truck dispatch systems at Coal India’s 11 large mines. (ET)
SBI is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. (BS)
Sensex, Nifty log tepid weekly gains...broader mkt shines
During the week, caution and optimism went hand in hand. A rare error in Q1 GDP numbers was sorted out after a credible explanation from the Government. Overall, the GDP data only reinforced a growing view that economic fundamentals remain fairly robust. Having said that, PMI data on manufacturing and service sector activity and trade figures indicated that some softening could be underway and that growth may have peaked out. Also, inflation continues to hover near double digits, putting relentless pressure on the RBI to raise rates. The BSE Sensex and the NSE Nifty gained 1% each this week ending at 18,221 and 5,479 respectively but the broader market indices clearly outpaced the gains in the main indexes.
Stocks to open higher on strong global cues
Headlines for the day:
RBI: Exclude banks from class action
Fortis Hospitals plans expansion in Bangalore
Acquisitions to drive Tata Global's foods foray
Usha Martin
Investors with medium-term perspective can consider buying the stock of Usha Martin (Rs 88.5). The stock has been on a steady long-term uptrend since its March 2009 low of Rs 18.6, shaping rising peaks and troughs.
Sunday, September 05, 2010
Overall bias to remain positive
Despite an intra-day dip to 5,350, the Nifty more or less moved in the trading band of 5,400-5,550. It ended with a gain of 71 points at 5,479 and looks likely to continue its range-bound movement.
BPCL
Investors can consider exiting the stock of Bharat Petroleum Corporation Ltd (BPCL), given that its sharp run-up since the partial fuel price reforms in late June seems to be ahead of fundamentals, and ignores the low earnings visibility due to the subsidy burden. At its current market price of Rs 768, the stock has gained as much as 39 per cent in a couple of months and trades at around 17 times FY10 consolidated earnings, much higher than its peers, HPCL (12 times) and Indian Oil Corporation (10 times).
TRF
With the revival in capex activity in sectors such as steel, port, power and other infrastructure segments, the fortunes of engineering equipment maker TRF stand renewed. Investors with a two-three year perspective can consider investing in the stock of TRF.
Amara Raja Batteries
Investors with an appetite for risk and a long-term perspective can consider an exposure to the Amara Raja Batteries stock. The company is a pioneer in VRLA (Valve Regulated Lead Acid) batteries. Buoyant automobile sales, promising long-term outlook for telecom batteries and a diversified presence in the industrial segment signify good earnings visibility.
PVR Cinemas
Investors with a two-year horizon can consider buying the shares of PVR, a leading multiplex operator, given the revival in the movie exhibition business, increasing average ticket price as well as occupancies.
Panasonic Home Appliances
The stock of Panasonic Home Appliances has been steadily moving northwards over the last one year riding the wave of optimism on consumer businesses.
Direct Taxes Code - Implications
The much awaited Direct Taxes Code Bill, introduced this week in Parliament, has set high expectations in the minds of taxpayers of the country — individuals and businesses alike.
Saturday, September 04, 2010
Friday, September 03, 2010
Global News - Sep 3 2010
US manufacturing sector grows unexpectedly
Manufacturing sector growth in the United States accelerated in August. The US PMI grew faster than expected, offering a positive note amid worries about the state of the economic recovery. Economists had expected US manufacturing to slow further in August, but the closely watched figures from the Institute of Supply Management (ISM) pointed to an acceleration of output growth even as separate regional surveys painted a more downbeat picture. The US purchasing managers’ index rose to 56.3 from 55.5 in July. A reading above 50 indicates growth and a figure below it points to contraction. The US sector expanded for its 13th straight month in August, according to the ISM. Stock indexes surged across the globe after an unexpectedly strong US manufacturing survey further eased tensions about the global economic recovery. Across the world, the global manufacturing PMI indicated manufacturing activity continued to rise for the 15th month in a row although the data indicated that the most rapid phase of the recovery was over. The big question is whether the economic momentum can be sustained going ahead.
Pawar pushes for sugar decontrol
Food and Agriculture Minister Sharad Pawar has reportedly made a detailed presentation to the Prime Minister on the issue of deregulating the sugar sector. According to Pawar's plan, the Centre should buy sugar at prevailing market prices for the public distribution system (PDS) directly from the open market in the new sugar year starting October. At present, mills are obliged to sell 20% of their sugar produce to the Central Government for distribution under the PDS at almost half the market price. The Centre also directs each month how much sugar should be released for the open market sale. Under decontrol, this release mechanism will be discontinued and sugar mills will be free to sell their produce as they wish.
Food, fuel inflation climbs
Food inflation in India inched higher in the third week of August as did inflation for the Fuel group and the Primary Articles group, data released by the Government showed. Inflation for the Food Articles group stood at 10.86% in the week ended August 21 as against 10.05% in the previous week, the Commerce & Industry Ministry data showed. It was at 14.86% in the comparable week last year. The index for Food Articles group rose by 1.8% to 303.3 in the week ended August 21. Inflation for the Primary Articles group also rose to 15.19% from 14.75% in the week ended August 14, the data revealed. It stood at 8.87% during the week ended Aug. 22, 2009. The index for the Primary Articles group rose by 1.4% to 312.5 in the week under review.
Mutual Fund industry's AAUM up 3% in August
The Indian mutual fund industry had a better August with the average assets under management (AAUM) of the industry growing by a respectable 3.30%.
The AAUM of the Indian Mutual Fund industry increased to Rs6.87 lakh crores in August from Rs6.65 lakh crore in July, according to data published by the Association of Mutual Funds in India (Amfi).
Weekly Newsletter - Sep 3 2010
With data showing improvement in the US macroeconomic numbers, especially in manufacturing and payrolls, the global risk aversion could subside further. Monday promises to be a good day for the bulls, as world markets are expected to rejoice a better than expected US jobs data. The overall lost jobs were lower than forecast and private hiring turned out to be higher than anticipated. But, the unemployment rate is still pretty high at 9.6%. Jobless rate is also pretty elevated in the debt-plagued euro-zone, which could see some slowdown due to the tough austerity measures.
Indian economy on strong wicket...grows 8.8% in Q1
India's economy grows by 8.8% in Q1 FY11 as against 8.6% expansion in the previous quarter (January-March), data released by the Government showed. This is the fastest pace of economic growth for the country in two-and-a-half years and might put further pressure on the Reserve Bank of India (RBI) to hike key interest rates to rein in inflation. India’s US$1.3 trillion economy may expand by 8.5% in the year ending on March 31, 2011, the most in three years, the RBI said on July 27. The benchmark wholesale-price inflation rate has hovered around or above 10% since January. 10-year government bond yields climbed last week to as much as 8.07%, near the highest level in four months, on concerns that the RBI may raise rates for the fifth time since mid-March to contain inflation. The RBI is scheduled to release its next monetary policy statement on Sept. 16. The RBI's repurchase rate is currently at 4.5% and the repurchase rate is at 5.75%.
Sensex, Nifty log tepid weekly gains...broader mkt shines
During the week, caution and optimism went hand in hand. A rare error in Q1 GDP numbers was sorted out after a credible explanation from the Government. Overall, the GDP data only reinforced a growing view that economic fundamentals remain fairly robust. Having said that, PMI data on manufacturing and service sector activity and trade figures indicated that some softening could be underway and that growth may have peaked out. Also, inflation continues to hover near double digits, putting relentless pressure on the RBI to raise rates. The BSE Sensex and the NSE Nifty gained 1% each this week ending at 18,221 and 5,479 respectively but the broader market indices clearly outpaced the gains in the main indexes.
Asian stocks have nowhere to go
Markets enter into a typical pre non-farm period of tranquility
Asian markets witnessed mostly listless trades ahead the non-farm payrolls, as investors were hesitant to enter into the markets on the heels of such a critical data. The economic indicators have improved in Asia and US over the last couple of sessions but the traders seemed reluctant to add to their recent longs given that a sharp downward bias in non farm is good enough to ruin off all the other positive economic endeavors. Moreover, with the US Labor Day holiday on Monday, the participants are not willing to take much of a risk. Select Asian stocks still eked out gains, buoyed by a late surge on Wall Street in the prior session.
Market may consolidate at higher level
Profit booking may emerge at higher level after recent strong gains, but rising confidence among foreign investors in India's rapid pace of economic growth should provide support to equities.
Sensex gains 1.2% on robust auto sales, macro data
Strong Q1 June 2010 GDP data and robust automobile sales for August 2010, helped the market gain upward momentum last week. Healthy manufacturing data in China and better-than-expected GDP figures from Australia also supported Asia-Pacific stocks last week. Data showing resumption of buying by foreign funds also underpinned sentiments on the domestic bourses.
Markets have a quite session
Major headlines
Food inflation rises to 10.86%
Suzlon Energy bags 30MW order; the stock ends 2.63% lower
Steel Strip Wheels hits 52-week high on order win; the stock closes 5.52% higher
BSE Mid-Cap, Small-Cap indices edge higher
The key benchmark indices edged lower in thin trade as profit taking emerged ahead of a crucial economic data in the US later in the global day. US is the world's biggest economy. The market snapped last two days' gains. The BSE 30-share Sensex was down 16.88 points or 0.09%, off close to 95 points from the day's high and up close to 15 points from the day's low. The S&P CNX Nifty fell below the psychological 5,500 mark, after crossing that level at the onset of the trading session. Metal stocks fell. But, fertilizer, hotel, realty and auto stocks rose. Index heavyweight Reliance Industries (RIL) edged lower.
BSE Bulk Deals to Watch - Sep 3 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/9/2010 532975 Aishwarya Tele KALPESHBHAI VASUDEVBHAI PADHYA B 188084 35.41
3/9/2010 532975 Aishwarya Tele PRAKASH LALJIBHAI PATEL B 500000 37.46
NSE Bulk Deals to Watch - Sep 3 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BLUE PEACOCK SECURITIES PVT LT,BUY,25245,279.53,-
03-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BP FINTRADE PRIVATE LIMITED,BUY,20681,286.24,-
Grey Market Premiums - Gujarat Pipavav - Sep 3 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| | 46 | 8 to 9 |
Daily News Roundup - Sep 3 2010
The marketing agreement between GAIL and RIL to sell D6 gas stands inoperative due to a Government policy that does not allow RIL to sell gas independently. (BL)
DLF has put on hold its plan to sell its non-core assets including ultraluxury hotel chain Aman Resorts and wind energy business for the next three quarters. (ET)
Sensex ekes out slim gains...Small-Caps rally
The Sensex gained 32 points to close at 18,238, the index hit an intra-day high of 18,356 and an intra-day low of 18,215. While, NSE Nifty added 14 points to close at 5,486.
Among the BSE sectoral indices, the BSE Consumer Durables index was the top gainer the index was up 1.1%, followed by BSE FMCG index (up 0.8%) and BSE Bank index (up 0.8%) and BSE Auto index (up 0.6%).
Market may extend last two days' gains on firm Asian stocks; food inflation data eyed
The market may edge higher for the third straight day, tracking gains in Asian stocks. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 21 points at the opening bell.
Flat start on the cards
Headlines for the day:
Insurance industry reinvents itself under new regime
Cipla to buy 25% in South Africa unit
Petronet plans Rs2,300 crore expansion at LNG terminal
Texmaco
We recommend a buy in the stock of Texmaco from a short-term perspective. After finding support in the band between Rs 115 and Rs 120 in late May, the stock reversed higher. The long-term trend is up from its March 2009 low of Rs 35. In early August, the stock breached its 200-day moving average as well as significant intermediate-term resistance at Rs 140 and continued to trend up. The stock is hovering well above its 50- and 200-day moving average. On Thursday, the stock climbed 3.4 per cent, penetrating its near-term resistance level of Rs 155. We notice that there is an increase in volume over the past two trading sessions. The 14-day relative strength index has re-entered in to the bullish zone from the neutral region whereas the weekly RSI is featuring in the bullish zone. Both daily and weekly moving average convergence divergence oscillators are hovering in the positive territory implying upward momentum. Our short-term forecast on the stock is positive. We anticipate it to continue its up-move until it hits our price target of Rs 164 or Rs 169. Short-term traders can buy the stock while maintaining stop-loss at Rs 154.
via BL
US stocks manage to stay steady and strong
Economic data checks in mixed in nature
US stocks finished with modest gains on Thursday, 02 September 2010. After a fierce rally yesterday and overnight rally in Asian markets, stocks started the day flat at the open but then gradually tried to pick up momentum in the course of the day. Stocks faltered at times and indices dropped in the red in between. Economic data dominated the day and the same that checked in were mixed in nature.
Bullion metals close little shy of record highs
Prices glitter as economic data increase their appeal
Precious metals ended higher on Thursday, 02 September 2010 at Comex. Prices almost touched their record high as economic data once again increased the appeal of precious metals as an alternate investment.
Crude crosses $75
Prices rise on output concerns
Crude prices ended substantially higher on Thursday, 03 September 2010 at Nymex. Prices ended higher as a fire at a Mexican oil platform raised concerns about output of crude. Certain economic data also helped crude climb up.
Thursday, September 02, 2010
FIIs remain net buyers in equities on Sep. 01
Foreign Institutional Investors (FIIs) remained net buyers in equities worth Rs 5,268 million on Sep. 01. They bought equities worth Rs 27,300 million and sold equities worth Rs 22,032 million. Till Sep 01, they have been net buyers in equities worth Rs 5,268 million.
FIIs turned net buyers in the debt segment worth Rs 7,790 million on Sep 01. They bought debt worth Rs 11,592 billion and sold equities worth 3,802 million. Till Sep 01 they have been net sellers in debt worth Rs 19,670 million.
Wall Street Gains Lift Sentiments In Asia
Markets end mostly higher as risk aversion stays in place
Asian stocks mostly gained today, adding to the yesterday's upside nudge. Sentiments were lifted by smart gains on Wall Street in the previous session. Strong manufacturing data from China and the United States revived risk appetite. Asian auto sales soared in August while US auto sales, though plummeted at a seven month low, were not as bad as were feared by the markets. The US markets logged substantial gains as data showing a pickup in manufacturing activity in both the U.S. and China recharged some hopes of a continued economic recovery. The Dow shot up by 254.75 points or 2.5% to 10,269, adding gains throughout the day.
BSE Bulk Deals to Watch - Sep 2 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
2/9/2010 533219 Aster Silicates BP FINTRADE PRIVATE LIMITED B 100992 63.54
2/9/2010 533219 Aster Silicates BP FINTRADE PRIVATE LIMITED S 100991 63.94
2/9/2010 505029 Atlas Cycle GENUINE STOCK BROKERS PVT. LTD. B 40134 278.56
2/9/2010 505029 Atlas Cycle SMART EQUITY BROKERS PRIVATE LIMITED B 20444 277.09
2/9/2010 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 88363 267.45
2/9/2010 505029 Atlas Cycle AKSHI FINANCE PVT LTD B 38715 270.41
2/9/2010 505029 Atlas Cycle VICHITER LATA B 42814 273.24
2/9/2010 505029 Atlas Cycle MBL & Co. LTD. B 18784 262.65
2/9/2010 505029 Atlas Cycle PRAKASH BALVANRAI BALDEV B 19831 275.93
2/9/2010 505029 Atlas Cycle MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 57270 270.30
2/9/2010 505029 Atlas Cycle OPG SECURITIES P LTD B 99721 274.02
2/9/2010 505029 Atlas Cycle MANSUKH SECURITIES & FINANCE LTD B 28628 276.54
2/9/2010 505029 Atlas Cycle VIKARAMSING GULABSING MAHIDA B 30606 270.58
2/9/2010 505029 Atlas Cycle YOGESH ANANDILAL KHETAN B 18256 272.96
2/9/2010 505029 Atlas Cycle H J SECURITIES PVT LTD B 17106 267.85
2/9/2010 505029 Atlas Cycle A.A.DOSHI SHARE & STOCK BROKERS LTD B 26148 282.54
2/9/2010 505029 Atlas Cycle GENUINE STOCK BROKERS PVT. LTD. S 40134 278.73
2/9/2010 505029 Atlas Cycle SMART EQUITY BROKERS PRIVATE LIMITED S 20444 277.45
2/9/2010 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 88363 265.60
2/9/2010 505029 Atlas Cycle AKSHI FINANCE PVT LTD S 38715 270.49
2/9/2010 505029 Atlas Cycle VICHITER LATA S 42814 273.00
2/9/2010 505029 Atlas Cycle MBL & Co. LTD. S 18784 262.24
2/9/2010 505029 Atlas Cycle PRAKASH BALVANRAI BALDEV S 19831 275.62
2/9/2010 505029 Atlas Cycle MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 57270 270.88
2/9/2010 505029 Atlas Cycle OPG SECURITIES P LTD S 99721 274.34
2/9/2010 505029 Atlas Cycle MANSUKH SECURITIES & FINANCE LTD S 28628 275.99
2/9/2010 505029 Atlas Cycle VIKARAMSING GULABSING MAHIDA S 30606 272.44
2/9/2010 505029 Atlas Cycle YOGESH ANANDILAL KHETAN S 18256 272.97
2/9/2010 505029 Atlas Cycle H J SECURITIES PVT LTD S 17106 268.80
2/9/2010 505029 Atlas Cycle A.A.DOSHI SHARE & STOCK BROKERS LTD S 26148 281.14
2/9/2010 531278 Axis Capital JASH INVESTMENT ARCADE B 15000 45.66
2/9/2010 506027 Bhoruka Alum RAJKUMAR AGGARWAL S 58000 41.40
2/9/2010 511607 Birla Shloka MAN MOHAN DAMANI B 400087 37.18
2/9/2010 511607 Birla Shloka PARAM COMMODITIES PRIVATE LIMITED S 162000 37.25
2/9/2010 511607 Birla Shloka APURVA COMMODITIES PRIVATE LIMITED S 228087 37.12
2/9/2010 502219 Borosil Glass BP FINTRADE PRIVATE LIMITED S 19987 908.63
2/9/2010 531723 Brilliant Sec DAYAKAR REDDY BIRUDAVOLU S 29570 13.32
2/9/2010 530755 Coral News GURCHARAN SINGH SHARMA B 50000 7.94
2/9/2010 530755 Coral News JAYSHREE UMAKANT RAJE B 30000 7.94
2/9/2010 530755 Coral News TAJINDERKAUR GURCHARANSINGH SHARMA S 90100 7.94
2/9/2010 512093 Cranes Soft A/C KURUTO FUND S 1104488 7.03
2/9/2010 532542 Crew Bos PRIMUS REAL ESTATES PRIVATE LIMITED B 75000 121.49
2/9/2010 532542 Crew Bos SAHAR VYAPAR PRIVATE LIMITED B 111078 118.88
2/9/2010 532542 Crew Bos SAHAR VYAPAR PRIVATE LIMITED S 111078 121.19
2/9/2010 531270 Dazzel Conf GOLDEN GALE INC-(PROP. HEMANT SURESH LOKHNADE) B 80000 32.72
2/9/2010 531270 Dazzel Conf RAMA DEVI BODHU S 90000 32.64
2/9/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED B 120570 11.36
2/9/2010 517973 DMC Intl BHARAT GUPTA B 130625 11.31
2/9/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED S 120570 11.37
2/9/2010 523127 EIH Associated CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 128543 200.50
2/9/2010 523127 EIH Associated OPG SECURITIES P LTD B 119452 204.82
2/9/2010 523127 EIH Associated CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 128543 201.00
2/9/2010 523127 EIH Associated OPG SECURITIES P LTD S 119452 205.14
2/9/2010 517477 Elnet Tech URVI SHREYAS VIRANI B 24500 80.34
2/9/2010 517477 Elnet Tech SAR AUTO PRODUCTS LIMITED B 57500 76.69
2/9/2010 532022 Filatex Fash MARUTI TRADING COMPANY(PROPRIETOR T C PUGALIA HUF) B 51000 12.42
2/9/2010 532022 Filatex Fash SUNITA BHANSALI S 50000 12.43
2/9/2010 532770 Hanung Toys SATYASAI IVNESTMENTS B 211882 310.20
2/9/2010 532770 Hanung Toys MAVERICK INVESTMENT SOLUTIONS PVT LTD S 126197 310.64
2/9/2010 505720 Hercules Hoist GENUINE STOCK BROKERS PVT. LTD. B 101771 335.06
2/9/2010 505720 Hercules Hoist SMART EQUITY BROKERS PRIVATE LIMITED B 266445 332.85
2/9/2010 505720 Hercules Hoist CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 171109 329.52
2/9/2010 505720 Hercules Hoist GENUINE STOCK BROKERS PVT. LTD. S 101771 335.21
2/9/2010 505720 Hercules Hoist SMART EQUITY BROKERS PRIVATE LIMITED S 266445 333.20
2/9/2010 505720 Hercules Hoist CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 171109 328.66
2/9/2010 504176 High Energy Batt DHARMENDRA R DOSHI B 12816 103.49
2/9/2010 504176 High Energy Batt INCAP SECURITIES PVT LTD S 12700 103.49
2/9/2010 511682 IFL Promoters RAVI PRAKASH SHARMA B 71500 14.24
2/9/2010 511682 IFL Promoters SAROJ GUPTA B 219632 15.14
2/9/2010 511682 IFL Promoters SITA RAM B 30000 14.19
2/9/2010 511682 IFL Promoters RAVI PRAKASH SHARMA S 50000 15.27
2/9/2010 511682 IFL Promoters BHARAT GUPTA S 86600 15.07
2/9/2010 511682 IFL Promoters SAROJ GUPTA S 219632 14.10
2/9/2010 511682 IFL Promoters SITA RAM S 20000 15.28
2/9/2010 514312 Jaihind Syn KIRAN VINODCHANDRA SHAH S 30000 47.17
2/9/2010 511034 Jindal Drill SMART EQUITY BROKERS PRIVATE LIMITED B 119659 623.00
2/9/2010 511034 Jindal Drill CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 134741 623.13
2/9/2010 511034 Jindal Drill SMART EQUITY BROKERS PRIVATE LIMITED S 119659 622.99
2/9/2010 511034 Jindal Drill CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 134741 624.25
2/9/2010 532624 Jindal Photo GENUINE STOCK BROKERS PVT. LTD. B 64898 287.92
2/9/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 124390 286.64
2/9/2010 532624 Jindal Photo GENUINE STOCK BROKERS PVT. LTD. S 64898 288.00
2/9/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 124390 285.88
2/9/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 173559 977.74
2/9/2010 500227 Jindal Poly OPG SECURITIES P LTD B 191906 988.65
2/9/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 173559 979.85
2/9/2010 500227 Jindal Poly OPG SECURITIES P LTD S 191906 988.90
2/9/2010 526409 Kalpena Inds MARYADA BARTER PRIVATE LIMITED S 90000 142.41
2/9/2010 532758 KEW Inds DHEERAJ KUMAR LOHIA B 81506 13.54
2/9/2010 590111 MASTER BALA RAMA VENKATA SIVA NAGA S S 66300 47.80
2/9/2010 533220 Midfield Industries DEEPAK SHANTILAL CHHEDA B 152665 260.47
2/9/2010 533220 Midfield Industries AMIT MANILAL GALA B 94768 260.84
2/9/2010 533220 Midfield Industries M/S. RIKHAV INVESTMENTS B 136450 259.98
2/9/2010 533220 Midfield Industries DEEPAK SHANTILAL CHHEDA S 152665 260.83
2/9/2010 533220 Midfield Industries AMIT MANILAL GALA S 94768 261.26
2/9/2010 533220 Midfield Industries M/S. RIKHAV INVESTMENTS S 136450 260.26
2/9/2010 531843 MYM Tech JMP SECURITIES PVT LTD B 140400 6.54
2/9/2010 531843 MYM Tech JMP SECURITIES PVT LTD S 207002 6.62
2/9/2010 531791 Novagold Petro RAHUL SHAH S 49330 4.97
2/9/2010 531496 Omkar Overseas ANITA GUPTA B 26963 28.11
2/9/2010 531496 Omkar Overseas JMP SECURITIES PVT LTD B 38500 28.34
2/9/2010 531496 Omkar Overseas CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 53249 28.24
2/9/2010 531496 Omkar Overseas JMP SECURITIES PVT LTD S 67000 27.92
2/9/2010 531496 Omkar Overseas CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 38249 27.85
2/9/2010 512097 Oregon Comm BHAVESH SHANTILAL TRIVEDI B 11000 275.05
2/9/2010 512097 Oregon Comm SANJAY JETHALAL SONI B 27154 283.46
2/9/2010 512097 Oregon Comm BHARAT A PANCHAL B 12627 280.76
2/9/2010 512097 Oregon Comm SANJAY JETHALAL SONI S 23289 284.04
2/9/2010 512097 Oregon Comm BHARAT A PANCHAL S 26627 285.61
2/9/2010 512097 Oregon Comm JIMISH J SONI S 14700 275.03
2/9/2010 513121 Oricon Enter CLEARWATER CAPITAL PARTNERS SINGAPORE FUND III PRIVATE LIMITED B 961641 351.50
2/9/2010 513121 Oricon Enter BEAUMARIS INVESTMENTS LIMITED S 961641 351.50
2/9/2010 505525 Parichay Invest NIKITA NEIL PATTNI B 25000 55.05
2/9/2010 505525 Parichay Invest PANDYA RASIKLAL BHAGVANJI B 21500 55.00
2/9/2010 505525 Parichay Invest KAPILABEN RASIKLAL PANDYA B 17100 55.00
2/9/2010 500302 Piramal Health BMK LABORATORIES PRIVATE LIMITED B 12000000 510.00
2/9/2010 500302 Piramal Health PHL HOLDINGS PRIVATE LIMITED S 12000000 510.00
2/9/2010 523333 Polar Pharma P R CHAKRAPANI B 97000 4.41
2/9/2010 523333 Polar Pharma ANKUR CHOPRA HUF S 82800 4.40
2/9/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. B 210442 215.09
2/9/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED B 206156 208.35
2/9/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 454071 216.06
2/9/2010 533239 PRAKASHSTL VICHITER LATA B 94659 216.12
2/9/2010 533239 PRAKASHSTL MANISH KUMAR CHOKHANI HUF B 942200 218.29
2/9/2010 533239 PRAKASHSTL OPG SECURITIES P LTD B 148683 211.64
2/9/2010 533239 PRAKASHSTL NITU AGARWAL B 113302 212.60
2/9/2010 533239 PRAKASHSTL GUNNY CHEM TEX INDIA LIMITED S 100909 220.59
2/9/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. S 210442 215.12
2/9/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED S 206156 208.46
2/9/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 454071 215.45
2/9/2010 533239 PRAKASHSTL VICHITER LATA S 94659 216.10
2/9/2010 533239 PRAKASHSTL MANISH KUMAR CHOKHANI HUF S 902862 215.53
2/9/2010 533239 PRAKASHSTL OPG SECURITIES P LTD S 148683 211.95
2/9/2010 533239 PRAKASHSTL NITU AGARWAL S 113302 211.56
2/9/2010 505530 Prism Info IDHASOFT LIMITED S 3550 415.35
2/9/2010 530111 Raj Packaging INDRANEEL DATTA B 21188 66.66
2/9/2010 530111 Raj Packaging RAJESH NAVLANI B 50000 66.50
2/9/2010 530111 Raj Packaging HEMANT AGNIHOTRI S 24430 65.54
2/9/2010 530111 Raj Packaging HIGHLINE FINANCE & INVESTMENTS PRIVATE LIMITED S 30000 66.43
2/9/2010 530111 Raj Packaging JATIN SAMPATKUMAR DOKWAL S 20000 67.40
2/9/2010 524037 Rama Phosphates THINK BULL PRIVATE LIMITED B 30716 82.58
2/9/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD B 35536 82.70
2/9/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD S 31207 82.42
2/9/2010 590077 Ranklin Sol BALA RAMA VENKATA SIVA NAGA S S 29111 120.87
2/9/2010 590077 Ranklin Sol VENKATRAMI REDDI GORLA S 26038 125.96
2/9/2010 526753 Roselabs Inds NILESH KRUSHNA PALANDE B 120356 33.98
2/9/2010 526753 Roselabs Inds JAYSHREE SHANKAR BHOSLE B 150000 33.98
2/9/2010 530461 Saboo Sodium BAGS REGISTRY SERVICES PVT. LTD. B 80000 30.75
2/9/2010 530461 Saboo Sodium GOPAL DAS SONKIA S 87800 30.53
2/9/2010 532836 Sancia Global Infraprojects JITENDRA KUMAR GAUR B 847303 20.36
2/9/2010 532836 Sancia Global Infraprojects RAJ FINVEST B 199066 20.14
2/9/2010 532836 Sancia Global Infraprojects NITIN BABAJI PALANDE B 434242 20.53
2/9/2010 532836 Sancia Global Infraprojects UMESH PURUSHOTTAM CHAMDIA HUF B 200000 21.65
2/9/2010 532836 Sancia Global Infraprojects AAP INVESTMENTS B 200000 21.65
2/9/2010 532836 Sancia Global Infraprojects SARSWATI VINCOM LIMITED B 506183 21.57
2/9/2010 532836 Sancia Global Infraprojects BP FINTRADE PRIVATE LIMITED B 269839 21.41
2/9/2010 532836 Sancia Global Infraprojects JITENDRA KUMAR GAUR S 847303 20.99
2/9/2010 532836 Sancia Global Infraprojects RAJ FINVEST S 199066 20.03
2/9/2010 532836 Sancia Global Infraprojects NITIN BABAJI PALANDE S 434242 21.12
2/9/2010 532836 Sancia Global Infraprojects UMESH PURUSHOTTAM CHAMDIA HUF S 200000 21.61
2/9/2010 532836 Sancia Global Infraprojects AAP INVESTMENTS S 200000 20.62
2/9/2010 532836 Sancia Global Infraprojects SARSWATI VINCOM LIMITED S 506183 19.70
2/9/2010 532836 Sancia Global Infraprojects BP FINTRADE PRIVATE LIMITED S 269841 21.51
2/9/2010 532972 Sankhya Info BAKLIWAL FINCOM PRIVATE LIMITED B 70000 33.29
2/9/2010 532972 Sankhya Info RAJEEV KHANNA S 51949 33.02
2/9/2010 511754 Shalibhadra Fin RANJANBEN ANILBHAI SHAH B 25034 39.16
2/9/2010 530611 Sturdy Inds SHITAL BHAVESHKUMAR PARIKH S 200000 5.22
2/9/2010 533089 TELE TECHNO DELIGHT FINANCIAL ADVISOR PVT LTD B 2904616 1.40
2/9/2010 531703 Tribhuvan Hous GOPALA PILLAI VIJAYAKUMAR B 157164 19.80
2/9/2010 531703 Tribhuvan Hous NILESH KRUSHNA PALANDE S 196400 19.80
2/9/2010 531703 Tribhuvan Hous GOPALA PILLAI VIJAYAKUMAR S 121020 19.80
2/9/2010 590091 TRINETHRA IN A C P INDUSTRIES LIMITED S 375000 44.00
2/9/2010 532917 Varun Inds SWATI RAJESH SHAH B 212251 174.15
2/9/2010 532917 Varun Inds SWATI RAJESH SHAH S 166967 174.53
2/9/2010 531015 VENMAX SANTOSH VASANT BHELEKAR B 52000 7.02
2/9/2010 531015 VENMAX VENKAT SUDHEER KUMAR KANAKABANDI S 30000 7.00
2/9/2010 531874 Venus Ventures INDRAVARUN TRADE IMPEX PVT. LTD. B 156384 10.69
2/9/2010 531874 Venus Ventures SUMAN GUPTA B 33000 11.07
2/9/2010 531874 Venus Ventures RAJASHEKAR KODIPYAKA B 30000 10.56
2/9/2010 531874 Venus Ventures INDRAVARUN TRADE IMPEX PVT. LTD. S 156384 10.73
2/9/2010 531874 Venus Ventures SUMAN GUPTA S 33000 11.02
2/9/2010 531874 Venus Ventures VESTA SOLUTIONS PRIVATE LIMITED S 100000 10.50
2/9/2010 532411 Visesh Info SANTOSH VASANT BHELEKAR S 418683 9.67
2/9/2010 531249 Well Pack Papers TUSHAR RAMESHBHAI PATEL B 791202 82.45
2/9/2010 531249 Well Pack Papers TUSHAR RAMESHBHAI PATEL S 859605 81.96
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Sep 2 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
02-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,16554,284.63,-
02-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,BUY,21781,269.70,-
Sensex ends with tepid gains
Major headlines
Export growth slows in July
Welspun Corp jumps on winning orders; the stock closes higher by 3.19%
Bajaj Auto August sales jump 55%; the stock ends 1.28% higher
Shipping, sugar, hotel stocks sizzle as market logs small gains
Key benchmark indices eked out small gains in volatile trade as they rose in the first half of the day's trading session in sync with Asian markets. However, lower start from European market capped gains in second half of the day's trading session. The BSE 30-share Sensex rose 32.44 points or 0.18%, off 117.53 points from the day's high and up 23.03 points from the day's low. The S&P CNX Nifty settled below the psychological 5,500 mark after moving above and below that level in the day.
Grey Market Premium - Sep 2 2010
Gujarat Pipavav
Port
46
8 to 9
Markets expect a strong start
Headlines for the day:
Fortis plans to list SRL in 2011
IRDA clears 51 unit-linked plans
Indian Bank may sell Rs900 crore bad loans to ARC
Market seen extending Wednesday's rally on upbeat global cues; inflation data eyed
The market is likely to extend Wednesday (1 September 2010)'s 1.31% gains on upbeat global cues following encouraging economic data in the US. Asian markets were trading firm. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 35 points at the opening bell.
Daily News Roundup - Sep 2 2010
Reliance Industries has hiked its stake in hospitality firm EIH Ltd to 14.8%, taking the Mukesh Ambani-led firm a step closer to the threshold limit of 15% for making an open offer. (BS)
Jaguar Land Rover, a Tata Motors subsidiary, will launch a slew of entry-level cars, including a station wagon and a roadster, to boost volumes across markets. (ET)
Sensex starts September on strong note
The Indian market kicked off the first trading day of September on a high and closed the session with a big bang, as investors snapped up beaten down stocks following the recent reversals. The sentiment got a boost after data showed improvement in China's manufacturing sector output and Australia's GDP growth.
CEAT
We recommend a buy in the stock of CEAT from a short-term perspective. It is seen from the charts of the stock that it had been on an intermediate-term downtrend from its October 2009 peak of Rs 190 until it found support at around Rs 125 in May 2010. However, after hovering between Rs 125 and Rs 130 , the stock started to trend up and has since been on a medium term uptrend. On August 17, the sock jumped 12 per cent accompanied with good volumes, conclusively penetrating its 50 and 200-day moving averages. Thereafter, the stock decisively breached its intermediate-term downtrend line, signalling resumption of uptrend. Moreover, on Wednesday, the stock bounced up 6.6 per cent reinforcing the bullish momentum. The stock is trading well above its 50 and 200-day moving averages. The daily relative strength index has re-entered into the bullish zone from the neutral region and weekly RSI is on the brink of entering into this zone. Further, the weekly moving average convergence divergence oscillator is likely to enter into the positive territory implying upward momentum.
Super Religare Laboratories plans IPO in 2011
Fortis Healthcare plans to launch an initial public offer (IPO) for its diagnostics business unit, Super Religare Laboratories (SRL), in the next calendar year (2011), a top company official said today, reports agency source.
Wednesday, September 01, 2010
Asian markets start September On Positive Note
Bargain hunting at lower levels lifted the sentiments amid ideas that the risky assets could record some gains after last month's mess
Asian markets ended in green today, as bargain hunting at lower levels lifted the sentiments and ideas that the risky assets could record some gains after steep losses in the previous month spurred some upward bias. Mixed closing on Wall Street in the previous session with the DOW holding above 10k mark and a slide in the Dollar in Asian trades also helped the momentum.
Nifty September 2010 futures at premium
Turnover declines
Nifty September 2010 futures were at 5,476, at a premium of 4.15 points compared to spot closing of 5,471.85. Turnover in NSE's futures & options (F&O) segment was Rs 92,165.88 crore, lower than Rs 1,06,140.93 crore on Tuesday, 31 August 2010.
Post Market Review - Sep 1 2010
It was a stunning rally on Dalal Street as benchmark indices surged more than a percent in today’s trade after staging a sharp recovery from lower levels yesterday. Sensex gained 234 points to close at 18206 while Nifty finished at 5472, up 69 points. BSE Mid-cap and Small-cap indices gained 1.7% and 1.8% respectively. Auto companies posted healthy sales figures for the month of August with Maruti Suzuki and TVS Motors registering highest ever monthly sales. European markets were trading with strong gains of nearly 1.5% while US stock indices futures too were up about a percent ahead of data on construction spending, mortgage application and ISM Manufacturing.
Telecom shares hog limelight as allotment of 3G spectrum begins
Six telecom shares rose 0.91% to 4.49% at 15:07 IST on BSE, as the government today, 1 September 2010, starts the process of allotting third generation bandwidth.
Across-the-board buying propels key indices
The key indices rallied in the second half of trading session, boosted by gains in index pivotals Reliance Industries, Infosys, and ICICI Bank. The market had opened higher, but turned range bound in afternoon trade. However, strength in US index futures and European markets aggravated buying in the mid-afternoon session. Strong auto sales, data showing expansion in manufacturing sector in August 2010 and data showing resumption of buying by foreign funds, underpinned sentiments.
BSE Bulk Deals to Watch - Sep 1 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
1/9/2010 530093 Ace India SITA RAM B 50000 48.92
1/9/2010 530901 ACIL Cot Inds JAYSHREE SHANKAR BHOSLE B 68646 36.77
1/9/2010 530901 ACIL Cot Inds JAYSHREE SHANKAR BHOSLE S 82568 35.41
NSE Bulk Deals to Watch - Sep 1 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
01-SEP-2010,APPAPER,Andhra Pradesh Paper,KBS REALTORS PRIVATE LIMITED,BUY,213000,223.90,-
01-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CNB FINWIZ PRIVATE LIMITED,BUY,21553,242.67,-
01-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,24772,242.01,-
Market ekes out small gains in August
Indian equities bounced back on Wednesday snapping earlier losses. The Sensex ended on a buoyant note with both the bourses gaining over 1% led by metal, realty, teck and IT space. Broader markets too supported the upmove. The barometer index Sensex bounced back in early trade in line with global markets. Some profit bookin was seen at higher levels for a short period. However the indices gained momentum as buying intensified across board. Further opening of firm European market also led to the rally which helped Nifty to breach 5,400 mark. Finally, it wrapped the day on a cheerful note after hitting a high of 18,227.14.
Metal, realty help Sensex gain over 1% at close
Indian equities bounced back on Wednesday snapping earlier losses. The Sensex ended on a buoyant note with both the bourses gaining over 1% led by metal, realty, teck and IT space. Broader markets too supported the upmove. The barometer index Sensex bounced back in early trade in line with global markets. Some profit bookin was seen at higher levels for a short period. However the indices gained momentum as buying intensified across board. Further opening of firm European market also led to the rally which helped Nifty to breach 5,400 mark. Finally, it wrapped the day on a cheerful note after hitting a high of 18,227.14.
September start… positive to begin with!
Don't let us make imaginary evils, when you know we have so many real ones to encounter. – O Goldsmith.
Daily News Roundup - Sep 1 2010
With production from Reliance Industries’ KG-D6 field stuck at 60mmscmd, the government has decided not to make any fresh gas allocation from it. (BS)
Reliance Industries is likely to bid for Rs75bn, 1,320-Mw thermal power project at Gulbarga in north Karnataka. (BS)
Sensex, Nifty recover to end slightly lower
The Indian market ended marginally lower on the day, with the key indices staging a smart recovery towards the close of trade after being under pressue for most part of the day.
Bullion metals glitter
Prices register substantial gains for the month of August
Precious metals ended higher on Tuesday, 31 August 2010 at Comex. Concerns about economic recovery increased the appeal of precious metals as an alternate investment. Prices registered substantial gains for the month of August.
Gujarat Pipavav Port Premium - Sep 1 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| | 46 | 8 to 9 |
Firm opening on cards
Stocks may edge higher at the onset of the trading session, extending Tuesday's (31 August 2010)'s strong intraday rebound. Data showing resumption of buying by foreign funds and firm Asian markets, will support share prices. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 35.50 points at the opening bell.
Sensex may begin on a positive note
Headlines for the day:
Ambani duo in grab for power
Reliance Industries finds more gas in K-G basin
Government to allot 3G spectrum today
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