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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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