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Wednesday, September 15, 2010
Post Market Review - Sep 15 2010
Benchmark indices continued the dream run by gaining nearly a percent in today’s trade, there by extending the winning streak to the seventh consecutive day. Sensex gained 155 points to close at 19502 while Nifty finished at 5860, up 65 points. Q2 Advance tax figures from India inc. started coming in today which were by and large encouraging. Reliance Industries (Rs. 1308 cr. v/s Rs. 1157 cr.), SBI (Rs. 1924 cr. v/s Rs. 1832 cr.), L & T (Rs. 280 cr. v/s Rs. 200 cr.), M & M (Rs.150 cr. v/s Rs. 110 cr.), ICICI Bank (Rs.600 cr. v/s Rs.500 cr.), Tata Steel (Rs.500 cr. v/s Rs.400 cr.) and TCS (Rs.260 cr. v/s Rs.220 cr.) were the key positive figures while key disappointments included Ambuja Cement (Rs. 90 cr. v/s Rs. 150 cr.), ACC (Rs. 60 cr. v/s Rs. 150 cr.), HUL (Rs. 140 cr. v/s Rs. 170 cr.) and Grasim (Rs. 80 cr. v/s Rs. 200 cr.) European markets were trading lower by just under half a percent while US stock indices futures were marginally in the red ahead of data on Consumer Confidence, Industrial Production, Empire Manufacturing and Capacity Utilization.
Advance Tax Numbers - Q2FY11
* RIL advance tax at Rs 1,308 crore Vs Rs 1,157 crore
* ACC advance tax at Rs 60 crore Vs Rs 150 crore (YoY)
* HUL advance tax at Rs 140 crore Vs Rs 170 crore (YoY)
* Hindalco advance tax at Rs 140 crore Vs Rs 70 crore (YoY)
* Grasim advance tax at Rs 80 crore Vs Rs 200 crore (YoY)
* HDFC advance tax at Rs 400 crore Vs Rs 320 crore (YoY)
* Century Textiles advance tax at Rs 18 crore Vs Rs 47 crore
* Yes Bank advance tax at Rs 105 crore Vs Rs 58 crore (YoY)
* Bank of Baroda advance tax at Rs 385 crore Vs Rs 412 crore (YoY)
* Bank of India advance tax at Rs 250 crore Vs Rs 269 crore (YoY)
* Central Bank of India advance tax at Rs 206 crore Vs Rs 79 crore (YoY)
* BPCL advance tax at Rs 206 crore Vs Rs 312 crore (YoY)
* Abott India advance tax at Rs 12 crore Vs Rs 12 crore (YoY)
* Bajaj Electricals advance tax at Rs 28 crore Vs Rs 19 crore (YoY)
* GIC Housing Finance advance tax at Rs 9.3 crore Vs Rs 7 crore (YoY)
* SBI advance tax at Rs 1,924 crore Vs Rs 1,832 crore (YoY)
* NTPC advance tax at Rs 506 crore SAIL advance tax at Rs 725 crore
* Power Grid Corp advance tax at Rs 130 crore
* Bajaj Auto advance tax at Rs 243 crore Vs Rs 170 crore
* Lupin advance tax at Rs 42.24 crore Vs Rs 49.8 crore (YoY)
* AB Nuvo advance tax at Rs 25 crore (YoY)
* RCF advance tax at Rs 19 crore Vs Rs 43 crore (YoY)
* Shipping Corp of India advance tax at Rs 9.45 crore Vs Rs 20 crore
* Wyeth advance tax at Rs 1.4 crore Vs Rs 1.5 crore
* Tata Motors advance tax at Rs 95 crore vs Rs 130 crore
* Tata Steel advance tax at Rs 500 crore vs Rs 400 crore
* Tata Power advance tax at Rs 60 crore vs Rs 75 crore
* Tata Sons advance tax at Rs 5 crore vs Rs 2 crore
* Dena Bank advance tax at Rs 75 crore vs Rs 45 crore
* ICICI Bank advance tax at Rs 600 crore vs Rs 500 crore
* HDFC Bank advance tax at Rs 600 crore vs Rs 425 crore
* L&T advance tax at Rs 280 crore vs Rs 200 crore
* M&M advance tax at Rs 150 crore vs Rs 110 crore
* Ultratech Cement advance tax at Rs 60 crore vs Rs 120 crore
* LIC Housing Finance advance tax at Rs 72 crore vs Rs 55 crore
* Tata Chemicals advance tax at Rs 60 crore vs Rs 60 crore
* SIDBI advance tax at Rs 135 crore vs Rs 130 crore
* GIC advance tax at Rs 92 crore vs Rs 47 crore.
BSE Bulk Deals to Watch - Sep 15 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
15/9/2010 513513 Aditya Ispat AMIT TOMER B 35500 11.68
15/9/2010 517546 Alfa Trans DIVYAM TIE UP PRIVATE LIMITED S 40642 37.51
15/9/2010 590059 APL Apollo Tubes PR VYAPAAR PRIVATE LIMITED B 200000 163.06
NSE Bulk Deals to Watch - Sep 15 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
15-SEP-2010,ARCHIES,Archies Limited,ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED,BUY,52500,172.40,-
15-SEP-2010,ARCHIES,Archies Limited,MANSUKH SECURITIES & FINANCE LIMITED,BUY,36225,168.60,-
15-SEP-2010,ARCHIES,Archies Limited,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,39891,169.66,-
Asia exhibits mixed movements
Stocks end on flattish note, awesome strength in Japanese equities
Asian markets were mixed today, tracking flat cues from the overnight US markets, as traders remained cautious after the recent spate of gains. Immense volaltity in the currency markets and a mildly bearish undertone in the US index futures also kept a tab on the sentiments though the Japanese stocks advanced impressively. In overnight trades, stocks in the US witnessed some downside in late-session and closed near after 4 consecutive days of gains. The Dow slid by 17.64 points or 0.2% to end at 10,526.49. A slew of economic data related to manufacturing, export & import prices and industrial production are lined up ahead and the DOW futures are down by 20 points.
Indosolar IPO fully subscribed
Gets bids for 18.20 crore shares
The initial public offer (IPO) of solar photo-voltaic cells manufacturer Indosolar was fully subscribed on final day of the issue today, 15 September 2010. The IPO was subscribed 1.48 times and received bids for 18.20 crore shares, compared with 12.31 crore shares on offer.
Market scales 32-month high as companies pay higher advance tax
The key benchmark indices gained for the seventh straight day on reports that prominent Indian firms such as Reliance Industries, HDFC, State Bank of India, Hindalco Industries and ICICI Bank, have paid higher advance tax in Q2 September 2010. Data showing heavy buying by foreign funds recently and good monsoon rains in the current monsoon season, underpinned sentiments. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty scaled 32-month highs. Index heavyweight Reliance Industries (RIL) edged higher. But, another index heavyweight ICICI Bank fell.
EPFO raises PF interest rate to 9.5%
In what may be a windfall for crores of employees in public and private sector, the Provident Fund Trustees today decided to give a higher interest rate of 9.5 per cent for 2010-11 on their retirement savings.
Grey Market Premiums - Sep 15 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 to 32 | 1 to 1.50 |
| Tirupati Inks (FPO) | 41 to 43 | 2.50 to 3 |
| Career Point Infosystems | 295 to 310 | 95 to 98 (High 103 / Low 28) |
| Eros International | 158 to 175 | 25 to 28 |
| Microsec Fin | 113 to 118 | 30 to 32 |
| CTV Network | 100 to 110 (Approx) | 20 to 22 |
| Ashok Buildcon | 280 to 300 (Approx) | 52 to 55 |
| VA Tech Wabag | 1200 to 1300 (Approx) | 270 to 280 (High 290 / Low 255) |
Less enthusiasm likely
The world belongs to the enthusiast who keeps cool - William McFee.
The bulls may lack their enthusiasm displayed in recent days as there may just be some cooling. Global markets are mixed amid persistent worries over the state of the economic recovery. Things are getting a bit choppy in the currency and commodity markets.
Markets set for a flat opening
Headlines for the day:
April-August Indirect tax kitty swells 46%
R-Power, Adani, GMR to bid for $1 billion mine
TCS to invest Rs1,000 crore in Kerala training campus
Gold strikes new record
Weak dollar imparts shine to precious metals
Precious metals ended substantially higher on Tuesday, 14 September 2010 at Comex. Prices rose as the dollar weakened considerably. Prices rose despite stronger than expected economic reports.
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