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Tuesday, September 21, 2010

Microsec Financial Services Subscription Allotment Details


Qualified Institutional Buyers (QIBs) 5.91
Non Institutional Investors 35.88
Retail Individual Investors (RIIs) 11.04

Eros International Subscription Allotment Details


Qualified Institutional Buyers (QIBs) 25.79
Non Institutional Investors 73.40
Retail Individual Investors (RIIs) 11.95

Career Point Infosystems Subscription Allotment Details


Qualified Institutional Buyers (QIBs) 47.45
Non Institutional Investors 101.93
Retail Individual Investors (RIIs) 31.74

VA Tech Wabag


VA Tech Wabag Limited (Wabag) is entering in the capital markets with an initial public offering (IPO) of up to 3.7 mn equity shares of Rs. 5 each at a price band of Rs. 1,230–1,310 to raise up to Rs. 4.7 bn. The issues consisting of a fresh issue of up to 1.0 mn equity shares aggregating up to Rs. 1.25 bn by the company and an offer for sale of equity shares aggregating up to Rs. 3.5 bn by India Advantage Fund I, Dynamic India Fund I, Rainbow Fund Trust, GLG Emerging Markets Fund and Passport India Investments (Mauritius) Limited.

BSE Bulk Deals to Watch - Sep 21 2010


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
21/9/2010 530901 ACIL Cot Inds NILESH KRUSHNA PALANDE B 62257 32.25
21/9/2010 530901 ACIL Cot Inds SHAMBHUBHAI PATEL KIRITKUMAR S 90000 32.20
21/9/2010 513513 Aditya Ispat CHANDRA GANESH B 28000 14.15

NSE Bulk Deals to Watch - Sep 21 2010


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
21-SEP-2010,AEGISCHEM,Aegis Logistics Ltd,SAPPHIRE COMMERCIAL PVT.LTD.,BUY,305809,338.56,-
21-SEP-2010,AFTEK,Aftek Limited,ABANS SECURITIES LIMITED,BUY,509543,15.46,-

Sensex above 20K, Nifty over 6K


Major headlines:

EIH zooms on rights issue plan; the stock closes 1.32% higher

Indian Oil Corporation spurts on raising petrol prices; the stock ends 0.79% lower

Suven Life energises on securing two US patents; the stock closes 2.35% higher

Electrosteel Steel IPO analysis


Promoted by Electrosteel Castings (ECL), Electrosteel Steel is setting up a 2.2-million tonne per annum (MTPA) integrated steel and ductile iron (DI) spun pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in Jharkhand and has set up Electrosteel Steel for implementing the integrated steel and DI pipe plant.

Orient Green Power Company IPO Analysis


Orient Green Power Company (OGPL) develops and operates renewable energy based power plants. The company, which began its operation in April 2008 by acquisition and operation of the 8-MW Kotputli biomass power plant in Rajasthan, has now grown to become one of the largest independent operator and developer of renewable energy based power plants in India on installed capacity with an aggregate generation capacity of 213.03 MW.

Sensex regains 20000; Nifty above 6000


The key benchmark indices rose for the third straight day with BSE Sensex and the S&P CNX Nifty closing above the psychological marks 20000 and 6000 respectively. Market scaled 32 month closing highs today. Firm global stocks, foreign institutional investors' buying spree and robust Q2 advance tax payments from frontline companies underpinned sentiment. The BSE 30-share Sensex rose 95.45 points or 0.48%, off close to 90 points from the day's high and up close to 140 points from the day's low.

Waiting for tonight!


"We must be willing to get rid of the life we've planned, so as to have the life that is waiting for us." – J Campbell.

Grey Market - Career Point, Ramky Infrastructure, Microsec Financial, Orient Green Power, Electro Steel, VA Tech Wabag, Cantabil Retail, Tecpro System


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Indosolar Ltd.

29 (Lower Band)

0.70 to 0.75 (Paise)

Tirupati Inks (FPO)

43 (Upper Band)

8.5 to 9

Career Point Infosystems

295 to 310

135 to 137

Eros International

158 to 175

41 to 43

Microsec Fin

113 to 118

25 to 27

Ramky Infrastructure Ltd.

405 to 468

40 to 42

Orient Green Power

47 to 55

2 to 2.50

Electro Steel

10 to 11

1.10 to 1.20

Gallantt Ispat

50 (Fixed Price)

7 to 7.5

VA Tech Wabag

1230 to 1310

292 to 295

Cantabil Retail

127 to 135

14 to 15

Tecpro Systems

--

--

CTV Network

100 to 110

19 to 20

Ashok Buildcon

280 to 300 (Approximate)

42 to 45

Market set for buoyant start on strong global cues


The market is headed for an upbeat start as Asian markets edged higher after an overnight rally in US markets. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could rise 5 points at the opening bell. The key benchmark indices – the BSE Sensex and NSE Nifty may hit psychological levels of 20,000 and 6,000 respectively with foreign institutional investors' buying spree and higher Q2 advance tax payments from frontline companies boosting sentiment.

Flat start on cards


Headlines for the day:

EIH rights offer may help RIL raise stake

Indian Oil Corporation increases petrol price by 27 paise a litre

Tatas for mining profit share as part of costs

Daily News Roundup - Sep 21 2010


Indian Oil Corporation will raise prices of petrol by 27paise a litre, effective midnight tonight. (BS)

REC has received the status of an infrastructure finance company (IFC) from the Reserve Bank of India. (BS)

Sensex on 7th heaven...Nifty flirts with 6000


Call it strong economic fundamentals or just liquiditymagic; overseas investors have stepped up their shopping spree in September. TheSensex surged 311 points to close at 19,906. The index hit an intra-day high of19,927 and an intra-day low of 19,445. The NSE Nifty rose 96 points to close at 5,980 after touching a high of 5,990 and a low of 5,885. TheNifty took about 80 trading sessions to travel from 5000 to near 6000 levels.In Nov 2007, the Nifty had taken just 24 sessions to move from 5000 to hit the6000 mark. The Sensex ended August near 18,000.Since then, it has rallied by almost 2000 points in a mere 13 trading days.

Castrol India, United Phosphorous, India Energy


Castrol India, United Phosphorous, India Energy

Smart Invest and Smart Trade - Sep 20 2010


Smart Invest and Smart Trade - Sep 20 2010

SGX Nifty Live Update - Sep 21 2010


6,006.00 +2.00

Daily Technical Report - Sep 21 2010


Daily Technical Report - Sep 21 2010

Daily Fundamental Report - Sep 21 2010


Daily Fundamental Report - Sep 21 2010