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Wednesday, September 08, 2010
Listing of Gujarat Pipavav Port - Confirmed date
Gujarat Pipavav is getting listed on Sep 9 2010 according to official circular on NSE
BSE Bulk Deals to Watch - Sep 8 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/9/2010 530901 ACIL Cot Inds ABHIJAI INVESTMENT B 79273 32.50
8/9/2010 530901 ACIL Cot Inds ABHIJAI INVESTMENT S 67330 32.17
8/9/2010 500215 Agro Tech Foods I T C LTD S 122931 302.09
NSE Bulk Deals to Watch - Sep 8 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-SEP-2010,AKSHOPTFBR,Aksh Optifibre Limited,SHILPA STOCK BROKER PRIVATE LIMITED,BUY,419991,20.57,-
08-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,22638,297.05,-
Gujarat Pipavav Listing Date
Some confusion on the Gujarat Pipavav Listing date - some conflicting reports - but no official communication on NSE/BSE that it will list tomorrow.
Asian stocks trend lower
Markets give up further of their early September gains as the US dollar rallies and commodities dip
Asian markets trended lower, giving up further of their early September gains as the US dollar rallied and commodities dipped. The weak overnight cues from the US markets and continued worries over the European banking health kept a tab on the markets. US index futures dropped, pointing to a second session of losses for Wall Street, as investors awaited a report from the Federal Reserve for more evidence on the health of the American economy. Yesterday, the US stocks fell by sharp margins to open the Labor Day-shortened week on a negative note, as profit taking following last week's gains drove the major averages down off of their best closing levels in three weeks. The Dow drifted lower by 107.24 points or 1% to end at 10,341.
Sensex, Nifty attain 31-month closing highs
The key benchmark indices managed to end in positive terrain, gaining for the third day in a row, as good monsoon rains this year will raise farm output, boost rural incomes and lower food inflation. The two key benchmark indices -- the barometer index BSE Sensex and the 50-unit S&P CNX Nifty attained their highest closing levels in more than 31 months. The Sensex rose 21.65 points or 0.12%, up close to 126 points from the day's low and off close to 56 points from the day's high.
Grey Market Premiums - Indo Solar, Gujarat Pipavav, Microsec Financial
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Gujarat Pipavav Port | 46 | 9.50 to 11 |
| Indo Solar Ltd. | 29 to 32 | 5 to 5.50 |
| 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 edge lower on weak Asian stocks
The market may snap last two days' strong gains on weak Asian stocks. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could fall 16.50 points at the opening bell.
Circumstances change!
Circumstances are the rulers of the weak; they are but the instruments of the wise. - Samuel Lover.
Looks like the bulls may have to settle down a bit. On a day when the world markets were a bit skittish India managed to out-perform. The breadth was positive, partly thanks to persistent surge in small-caps. Turnover was also good. Most of the buying came from local funds even as FIIs were net sellers. The momentum in Small-Caps is being driven by retail investors.
Sensex to start softer on nervous world markets
Looks like the bulls may have to settle down a bit. On a day when the world markets were a bit skittish India managed to outperform. The breadth was positive, partly thanks to persistent surge in Small Caps. Turnover was also good. Most of the buying came from local funds even as FIIs were net sellers. The momentum in Small Caps is being driven by retail investors.
Negative start likely on weak global cues
Headlines for the day:
Marginal hike in fuel prices
Maruti to invest Rs1,925 crore in third plant at Manesar
Tata Steel seeks UMPP-like boost for steel
Andhra Sugars
We recommend a buy in the stock of The Andhra Sugars from a short-term perceptive. It is seen from the charts of the stock that since its March 2009 low of Rs 52, it has been trending upwards. However, following a medium-term correction from Rs 160 to Rs 105, resumed the uptrend in early November 2009. Since then, the stock has been on an intermediate-term uptrend, shaping higher peaks and higher troughs. Moreover, short-term trend is also up for the stock from Rs 123. On September 2, the stock jumped 4 per cent with good volume, breaching its 21-day moving average.
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