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Friday, September 24, 2010

VA Tech Wabag

VA Tech Wabag

BGR Energy Systems

BGR Energy Systems

India Strategy - Sep 24 2010

India Strategy - Sep 24 2010

Hero Honda

Hero Honda

Telecom Tracker - Sep 24 2010

Telecom Tracker - Sep 24 2010

Post Market Review - Sep 24 2010

After two days of consolidation, markets bounced back on the last trading day of the week with benchmark indices gaining nearly a percent in today’s trade. Sensex put on 184 points to close at 20045 while Nifty finished at 6018, up 59 points. Broader market also witnessed equal participation with BSE Mid-cap and Small-cap indices rising 1% each. On weekly basis, it was the fourth consecutive week in green as Nifty and Sensex rose 2.3% in the week gone by. FMCG index climbed 5.3% over the week, becoming the top gainer among the BSE sectoral indices, followed by Consumer Durable index, up 2.7%. Oil & Gas and Realty indices lost 0.8% and 0.4% week-on-week. European markets were trading lower by nearly a third of a percent while US stock indices futures were up about a fourth of a percent ahead of data on new home sales and durable good order

Weekly Report - Sep 24 2010

Weekly Report - Sep 24 2010

Sensex regains 20K on strong FII inflows

Major headlines

Sun Pharmaceutical board approves stock split; the stock closes higher by 1.71%

Roman Tarmat zooms on order win; the stock ends 3.72% higher

Aurobindo Pharma gets USFDA nod for three ANDAs; the stock closes higher by 1.41%

FII flare up markets for fourth week

Major news for the week:

Government slashes duty refund rates for exports

SBI reduces credit offtake target to 18%

Food inflation inches up to 15.46%

Govt raises FII limit in G-Secs, corporate bonds

Financial Tech slips as SEBI rejects MCX plea

Fund-flow to dictate market trend in a volatile week ahead

Activity of institutional investors is likely to determine the future trend in the market which is at multi-months high. High volatility will be the hallmark with derivatives expiry lined-up during the forthcoming week.

FII buying drives market higher for fourth week

Strong momentum helped the key benchmark indices close above psychological levels last week as foreign investors bet on robust economic growth in India. Sensex crossed psychologically crucial 20,000 mark and the Nifty crossed 6000 mark. The market gained for three out of trading five sessions last week.

Market snaps last two days losses

The key benchmark indices snapped last two days losses on Friday as the recent strong foreign fund inflows kept the sentiment upbeat. The BSE Sensex closed above the psychological 20,000 mark while S&P CNX Nifty crossed 6000 mark. Investors had booked profits in last two days after the recent strong rally which saw market scale their 32 month highs. Global cues lacked clear direction today. US index futures rose. European markets dropped. Asian stocks were mixed. The BSE 30-share Sensex was up 184.17 points or 0.93%, up close to 215 points from the day's low and off close to 25 points from the day's high. FMCG, banking, consumer durables and realty stocks led the surge. Index heavyweight Reliance Industries edged higher in volatile trade.

Mixed close for Asian stocks

Global cues lack clear direction, select indices record modest gain

The Asian markets ended mixed today as weak overnight US cues along with continued global economic jitters kept the momentum frail. Traders were also seen locking some profits ahead of the weekend. Worse-than-expected U.S. jobless claims, a fall in Irish gross domestic product, a disappointing euro zone purchasing managers' index and a Portugal opposition party's refusal to help pass an early belt-tightening budget hurt the risk appetite. The Chinese markets were closed for a public holiday and the general movement in the risky assets was mixed with the US dollar quoting sideways against the Euro.

VA Tech Wabag IPO subscribed 15.20 times

Gets bids for 4.75 crore shares

VA Tech Wabag's initial public offering (IPO) was subscribed 15.20 times on day three today, 24 September 2010. The IPO received bids for 4.75 crore shares compared with 31.28 lakh shares on offer. Bidding for institutional investors ended today, 24 September 2010 while bidding for non-institutional and retail buyers closes on 27 September 2010. The IPO had opened for subscription on 22 September 2010.

BSE Bulk Deals to Watch - Sep 24 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/9/2010 513513 Aditya Ispat AKHIL AGARWAL B 40000 16.40
24/9/2010 513513 Aditya Ispat BP FINTRADE PRIVATE LIMITED B 26724 16.40

NSE Bulk Deals to Watch - Sep 24 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
24-SEP-2010,DCB,Development Credit Bank L,JMP SECURITIES PVT LTD,BUY,501241,56.55,-
24-SEP-2010,DCB,Development Credit Bank L,TRANSGLOBAL SECURITIES LTD.,BUY,1351330,56.06,-

Precious metals on a roll

Yellow metal closes little shy of $1,300 mark

Precious metals continued to strike new highs even on Thursday, 23 September 2010 at Comex. Yellow metal prices struck new record for the fifth consecutive session. Silver also shone for the second consecutive day at its three-decade highest level. Prices rose as the latest initial claims data disappointed.

Crude pares early losses

Prices rise due to optimistic economic reports

Crude oil prices pared earlier losses and ended modestly higher on Thursday, 23 September 2010 at Nymex. Prices dropped initially due to strong dollar. Then prices moved up as economic data showed some positive signs of economic recovery.

Morning Notes - Sep 24 2010

Morning Notes - Sep 24 2010

Daily Market Strategy - Sep 24 2010

Daily Market Strategy - Sep 24 2010

Technical Watch - Sep 24 2010

Technical Watch - Sep 24 2010

Morning Note - Sep 24 2010

Morning Note - Sep 24 2010

All Latest Grey Market Premiums - Sep 24 2010

Company Name

Offer Price




Indosolar Ltd.

29 (Lower Band)

0.60 to 0.65 (Paise)

Tirupati Inks (FPO)

43 (Upper Band)

8.25 to 8.50

Career Point Infosystems

295 to 310

132 to 135

Eros International

175 (Upper Band)

42 to 44

Microsec Fin

113 to 118

18 to 20

Ramky Infrastructure Ltd.

405 to 468

12 to 13

Orient Green Power

47 to 55

0.80 (Paise) to 1.00

Electro Steel

10 to 11

0.75 to 0.80 (Paise)

Gallantt Ispat

50 (Fixed Price)

4 to 5

VA Tech Wabag

1230 to 1310

342 to 345

Cantabil Retail

127 to 135

11 to 12

Tecpro Systems

340 to 355

38 to 40

Ashok Buildcon

297 to 324

28 to 30

Sea TV Network

90 to 100

20 to 21

Bedmutha Ind.

95 to 102

8 to 10

Coal India

6 to 8

Less faith, more hope!

Our faith does not really change things; it helps us to accept what happens in our lives. - Anonymous.

Daily News Roundup - Sep 24 2010

ONGC plans to buy 14 rigs for Rs40bn in the next two to three years. (BS)

ONGC has begun shale gas exploration by drilling the first well in eastern India. (BS)

SEBI has rejected a proposal by MCX-SX, promoted by Financial Technologies to launch stock and debt trading platforms. (ET)

Sensex slips for second straight day

The Indian markets ended the day with losses for the second straight trading session on Thursday. The Banking stocks led the decline in the benchmark indices. Among the other major laggards were the Realty and the Oil & Gas stocks. Even the Mid-Cap stocks were under pressure Small-Caps gave up their gains.

Precariously poised

All progress is precarious, and the solution of one problem brings us face to face with another problem. - Martin Luther King Jr.

The dollar is sliding. Gold is shinning; hitting new highs. Concerns about the state of the US economy are mounting. Expectations are sooner or later, the Fed will have to resort to QE-2 (Quantitative Easing – Part II). Worries over the euro-zone debt may have ebbed but haven’t vanished. Japan is struggling with deflation and a rising currency. The UK is not doing great either amid high inflation and swelling deficit.

Market may fall for the third straight day on weak economic data in the US

The market may fall for the third straight day on weak Asian stocks after a jump in US jobless claims. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could fall 4 points at the opening bell.

Va Tech Wabag IPO

Va Tech Wabag (VTWL) is a multinational player in the water treatment industry with strong presence in developing countries including India, China, Middle East, North Africa, South East Asia, Middle East as well as Central and Eastern Europe. The company provides EPC and operation & maintenance (O&M) services for sewage treatment, processed and drinking water treatment, effluents treatment, sludge treatment, desalination and reuse for institutional clients like municipal corporations and industrial players in power, steel, oil & gas. As on July 31, 2010, the company had executed 113 projects and is currently executing 81 projects.

Tecpro Systems IPO Analysis

Tecpro Systems is an established material handling company in India, engaged in providing turnkey solutions in material handling, ash handling and total Balance of Plant projects. Of late, the company is also taking up small power plant EPC contracts.

Markets expect a lower opening

Headlines for the day:

Teaser rates likely to stay: HDFC chairman

EIH plans Rs1.3K crore rights issue

SEBI rejects MCX-SX application to trade in new segments

Trading Calls - Sep 24 2010

Trading Calls - Sep 24 2010

Daily Call - Sep 24 2010

Daily Call - Sep 24 2010

SGX Nifty Live Update - Sep 24 2010

5,964.50 -3.00

Tecpro Systems IPO

Tecpro Systems IPO

Amara Raja Batteries

Amara Raja Batteries



Daily Fundamental Report - Sep 24 2010

Daily Fundamental Report - Sep 24 2010

Daily Technical Report - Sep 24 2010

Daily Technical Report - Sep 24 2010

Daily Market Outlook - Sep 24 2010

Daily Market Outlook - Sep 24 2010

Tecpro Systems IPO Review

Tecpro Systems IPO Review

Smart Invest and Smart Trade - Sep 23 2010

Smart Invest and Smart Trade - Sep 23 2010