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Tuesday, September 28, 2010

Tata Motors

Tata Motors

Non institutional investors throng VA Tech Wabag IPO

Overall IPO subscribed 36.22 times

VA Tech Wabag's initial public offering (IPO) ended on 27 September 2010 with 36.22 times subscription. The IPO received bids for 11.33 crore shares compared with 31.28 lakh shares on offer.

Turnover surges

RIL, Bhel September 2010 futures at premium

Nifty September 2010 futures were at 6,055.20, at a premium of 25.70 points compared to spot closing of 6,029.50. Nifty October 2010 futures were at 6,071.20, at a premium of 41.70 points compared to spot closing of 6,029.50.

Markets end in red across Asia

Profit selling on a high after latest strong of gains

Asian markets moved lower today, sliding amid a volatile activity in the global currency markets as the traders eyed the weak overnight trades and worries over the Eurozone credit troubles remained in place. The markets did not pay much of an attention to the latest updates from the Asian Development Bank stating that developing Asia's robust recovery from the global crisis is gaining further momentum. In its annual flagship economic publication Asian Development Outlook 2010 Update, the ADB forecast a healthy growth of 8.2% in 2010, well above 5.4% recorded in 2009 and also above ADB's earlier forecast of 7.5%. Markets were more geared towards a downward bias given the selling pressure in risky assets and a recovery in the US dollar from fresh five month lows.

Ashoka Buildcon Allotment - Subscription Details

Qualified Institutional Buyers (QIBs) 25.52
Non Institutional Investors 13.91
Retail Individual Investors (RIIs) 3.46

Tecpro Systems Allotment - Subscription Details

Qualified Institutional Buyers (QIBs) 27.99
Non Institutional Investors 62.48
Retail Individual Investors (RIIs) 9.07

Tech Mahindra

Tech Mahindra

Daily Technical Report - Sep 29 2010

Daily Technical Report - Sep 29 2010

Mahindra Satyam, Bharti Airtel

Mahindra Satyam, Bharti Airtel

Daily Fundamental Report - Sep 29 2010

Daily Fundamental Report - Sep 29 2010



Reliance Industries Ltd

Reliance Industries Ltd

Daily Derivative Strategy - Sep 29 2010

Daily Derivative Strategy - Sep 29 2010

Daily Market Outlook - Sep 29 2010

Daily Market Outlook - Sep 29 2010

Shriram Transport Finance

Shriram Transport Finance

Post Market Review - Sep 28 2010

Markets ended flat after a choppy trading session. Sensex closed at 20104, down 2 points while Nifty lost 6 points to close at 6029. BSE Mid-cap and Small-cap indices gained 0.2% and 0.03% respectively. Stocks belonging to capital goods sector saw smart gains in today’s trade led by ABB and Siemens. Supreme Court today lifted stay on the Ayodhya case verdict and now the verdict will be delivered by Lucknow bench of Allahabad High Court on September 30th at 3.30 pm. European markets after dipping sharply in the red, pared losses and were trading down about a third of a percent. US stock indices futures were up about a third of a percent ahead of data on home prices and consumer confidence.

Markets recover at fag-end

Major headlines

Reliance Power aims to be largest private power company by 2015; the stock closes 1.68% higher

Venus Remedies surges on securing Thai contract; the stock closes 4.19% higher

GEI Industrial spurts on new order win; the stock higher by 1.74%

BSE Bulk Deals to Watch - Sep 28 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/9/2010 513513 Aditya Ispat HITESH KISHORBHAI MAKWANA B 30000 17.18
28/9/2010 513513 Aditya Ispat JMP SECURITIES PVT LTD B 96539 16.42

NSE Bulk Deals to Watch - Sep 28 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-SEP-2010,ASTRAL,Astral Poly Technik Limit,RELIANCE CAPITAL ASSET MGMT LTD A/C PMS,BUY,143043,171.18,-

Market ends marginally lower

The key benchmark indices registered marginal losses amidst high intraday volatility as traders rolled over positions in the derivatives segment, from the near-month September 2010 series, to October 2010 series, ahead of the expiry of the near-month September 2010 derivatives contracts on Thursday, 30 September 2010. An intraday recovery in European stocks and US index futures, aided a strong intraday rebound on the domestic bourses.

Profit booking may pull market lower

Weak Asian stocks may trigger profit taking on the domestic bourses, which surged sharply this month. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could fall 5.50 points at the opening bell.

Research Tracker - Sep 28 2010

Research Tracker - Sep 28 2010

Daily News Roundup - Sep 28 2010

Suzlon Energy is in talks to buy the remaining 9% stake in German unit REpower Systems AG. (BS)

L&T has bagged an order worth Rs16.1bn from Visa Power, for its 2x600 MW power plant being set up in Chhattisgarh. (ET)

Grey Market Premium - COAL India, VA Tech Wabag

Company Name

Offer Price




Indosolar Ltd.

29 (Lower Band)

0.65 to 0.75 (Paise)

Tirupati Inks (FPO)

43 (Upper Band)

7 to 8

Career Point Infosystems

310 (Upper Band)

143 to 145

Eros International

175 (Upper Band)

43 to 45

Microsec Fin

118 (Upper Band)

13 to 15

Ramky Infrastructure Ltd.


14 to 15

Orient Green Power

47 to 55

0.50 to 0.60 (Paise)

Electro Steel

10 to 11

1.50 to 1.65

Gallantt Ispat

50 (Fixed Price)

2 to 2.50

VA Tech Wabag

1230 to 1310

325 to 300

Cantabil Retail

127 to 135

13 to 14

Tecpro Systems

340 to 355

55 to 57

Ashoka Buildcon

297 to 324

22 to 23

Sea TV Network

90 to 100

23 to 25

Bedmutha Ind.

95 to 102

13 to 14

Coal India

225 to 250 (Approx)

12 to 14

Markets expect a cautious start

Headlines for the day:

Power Grid wants fresh offers for Rs7,000-crore project

Suzlon in talks to buy all of REpower

Steel prices may go up by Rs1,500 a tonne

FII frenzy and F&O volatility

Going up too fast is never considered prudent. Stay cautious as the external environment remains fragile at best. Key regions like the US, Europe and Japan are just limping along.

Our passion and principals are constantly in a frenzy, but begin to shift and waver, as we return to reason. - Laurence Sterne.

No bulls stop…Metals, Realty sparkle

The Indian market kicked off the new trading week in style, with the key stock indices extending gains led by Metals, Real Estate and Consumer Durables stocks. Even the broader indices managed to register smart gains today. FMCG and IT indices on the BSE were among the major laggards.

SGX Nifty Live Update - Sep 28 2010

6,038.50 -9.50