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Thursday, September 16, 2010



Yes Bank

Yes Bank

Smart Invest and Smart Trade - Sep 16 2010

Smart Invest and Smart Trade - Sep 16 2010

ITC, India Economy, Bajaj Auto, Oil India, India Telecom

ITC, India Economy, Bajaj Auto, Oil India, India Telecom

India Strategy - Sep 16 2010

India Strategy - Sep 16 2010

Reliance Communications

Reliance Communications

Patel Engineering

Patel Engineering

Dish TV

Dish TV

Market heavyweights drag the market down

Indian equities dropped on Thursday erasing earlier gains. The Sensex ended on a lower note by snapping seven day winning streak. On sectoral front, IT, teck and metal stocks dragged the Sensex down.

BSE Bulk Deals to Watch - Sep 16 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/9/2010 530901 ACIL Cot Inds ABHIJIT RAMESH MOHOD B 129200 34.68
16/9/2010 530901 ACIL Cot Inds PURUSOTTAMDAS PATEL DINESHKUMAR S 64000 34.64

NSE Bulk Deals to Watch - Sep 16 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-SEP-2010,ABAN,Aban Offshore Ltd.,SARAVANA ENTERPRISES,BUY,314585,833.19,-
16-SEP-2010,AKSHOPTFBR,Aksh Optifibre Limited,ASP INVESTMENT CONSULTANTS PVT LTD,BUY,425100,20.72,-

Sensex snaps seven-day rally

Major headlines:

Food inflation rises to 15.1%

Reserve Bank of India hikes interest rates to tame inflation

Atlanta secures Rs163.11 crore order; the stock closes 1.07% higher

Asian markets linger in red

Lackluster movement in stocks despite gains on Wall Street

Asian markets mostly slipped today as the bulls ran out of steam after their recent heroics. The Wall Street had closed in green but the stocks in Asia were in a lackluster mode, facing selling pressure right from the start. Dollar fell to a fresh one month low against the Euro but then paced up as traders cut positions. The DOW futures slipped while commodities also lingered in red. In overnight trades, US stocks were able to recover from early losses and ended moderately higher on Wednesday, as traders shrugged off data showing limited growth in New York State manufacturing and national production. The Dow added 46.24 points or 0.4% to end at 10,572.73. A report from the New York Fed showed that its general business conditions index fell to 4.1 in September from 7.1 in August, although a positive reading indicates continued growth in the manufacturing sector.

Career Point Infosystems ropes in anchor investors

To allot 6.56 lakh shares to anchor investors at Rs 310 per share

The initial public offer of tutorial services provider Career Point Infosystems was subscribed 5% on the first day of the issue today, 16 September 2010. The IPO received bids for 1.75 lakh shares compared with 32.08 lakh shares on offer.

Eros International IPO Analysis

Eros International Media (EIML), promoted by Eros Worldwide, a 100% subsidiary of Eros plc, purchases, sells, assigns film distribution rights for Hindi and regional language and also undertakes co-production.. It exclusively sources all Indian film content for the Eros Group and exploits such content across formats within India, Nepal and Bhutan. Currently, its focus is predominantly on Hindi and Tamil language film content. However, it is foraying into other regional language films such as Marathi and Punjabi, both new releases and catalogue.

Market snaps seven-day winning streak as IT stocks slide

The key benchmark indices edged lower as profit taking emerged after a recent solid surge. The market today, 16 September 2010, snapped a seven day winning streak. Weak European and Asian stocks and lower US index futures weighed on investor sentiment. Intraday volatility was immense. The BSE 30-share Sensex lost 84.62 points or 0.43%, off close to 225 points from the day's high and up close to 35 points from the day's low.

Morning Note - Sep 16 2010

Morning Note - Sep 16 2010

Grey Market Premiums - Career Point Infosystems, Microsec Financial Services

Company Name

Offer Price




Indosolar Ltd.

29 to 32

0.80 to 0.90 (Paisa)

Tirupati Inks (FPO)

41 to 43

5.50 to 6

Career Point Info systems

295 to 310

125 to 127

Eros International

158 to 175

30.50 to 31

Microsec Fin

113 to 118

31 to 32

CTV Network

100 to 110 (Approx)

21 to 22

Ashok Buildcon

280 to 300 (Approx)

52 to 54

VA Tech Wabag

1200 to 1300 (Approx)

270 to 275

Morning Notes - Sep 16 2010

Morning Notes - Sep 16 2010

Banking on RBI!

We often have to put up with most from those on whom we most depend - Baltasar Gracian.

The bulls continued their rampage on Indian bourses even as world markets took a breather of sort following Monday’s big rally. At least for the day they may have to put up with the RBI. One only hopes that the RBI doesn’t spoil the party as it takes up a mid-quarter review of its monetary policy today. Expectations are that it will most probably go ahead with another hike before considering a pause.

Trading Calls - Sep 16 2010

Trading Calls - Sep 16 2010

Market seen halting seven-day rally on weak Asian stocks; RBI policy review in focus

The market is headed for a negative start on profit booking after a seven-day solid rally which pushed the key benchmark indices to 32-month highs. But the downside may be capped on sustained buying by foreign funds and higher advance tax paid by prominent Indian companies. 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.

Crude ends modestly lower

Crude inventories for last week drop as per expectations

Crude oil prices ended modestly lower on Wednesday, 15 September 2010 at Nymex. Prices continued to stay somber as the energy department reported a drop in crude stockpiles for last week and the same almost matched expectations.

Daily News Roundup - Sep 16 2010

RIL seeks 25% price rise for KG-basin gas. (ET)

SBI is in talks with RBI to form a holding company which will control the equity of the bank. (ET)

Bharti Airtel will sell telecom towers of its African operations to Bharti Infratel. (ET)

Cairn India forms a panel to ensure governance and protection of minority shareholders with regard to the Vedanta deal. (ET)

Seventh straight day of gains for Nifty

The key Indian stock indices ended higher for seventh straight trading session on Wednesday as strong economic growth continues to lure investors. The Indian markets advances even as other international markets struggled for direction, though Japanese stocks rallied after the government intervened the Forex market.

Soft start likely; RBI’s move eyed

Headlines for the day:

Telecom dept mulls MVNOs to bail out beleaguered telcos

State bank, ICICI Bank look to outsource ATM management

Sun Pharma may sue Levitt for Taro stake

Mixed finish for precious metals

Silver rises due to anticipation of higher demand for the industrial metal

Precious metals ended mixed on Wednesday, 15 September 2010 at Comex. Gold prices retreated while silver rose. Prices remained a bit volatile as the dollar index went up. Silver rose due to anticipation of higher demand for the industrial metal.

Power Picks

Power Picks

SGX Nifty Live Update - Sep 16 2010

5,844.00 -17.50

Morning Reports - Sep 16 2010

Morning Reports - Sep 16 2010

Career Point Infosystems IPO Analysis

Promoted by Pramod Maheshwari, Om Prakash Maheshwari and Nawal Kishore Maheshwari, Career Point Infosystems is one of the leading providers of tutorial services in India, with the main centre in Kota, Rajasthan. It operates in two core business areas: tutorial services and education consultancy and management services (ECAMS).

Microsec Financial Services IPO Analysis

Multiple services provider

Operates in competitive market with regional presence

Microsec Financial Services, a non-banking financial company registered with the Reserve Bank of India, is into financing and investment, investment banking, broking and wealth management, insurance broking, financial planning and related services. Incorporated as Satyam Fiscal Services on 6 June 1989, the name was changed to Microsec Financial Services (MFSL) from 21 October 2005. The Microsec group operates through the issuer, MFSL, and its subsidiaries, Microsec Capital, Microsec Resources, Microsec Technologies, Microsec Insurance Brokers, Microsec Commerze, and PRP Technologies.

India Telecom Subscribers

India Telecom Subscribers

V-Guard Industries

We recommend a sell in the stock of c from a short-term perspective. It is apparent from the charts of the stock that it has been on a long-term uptrend from its March 2009 trough of Rs 38. The stock's uptrend got accelerated in late July 2010 and has been on a medium-term uptrend since then. However, after recording a life-time high of Rs 212 on September 15, the stock started to witness selling pressure and formed shooting star candlestick pattern.