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Thursday, September 30, 2010
Enthiran – curious audience, optimistic Kollywood
The buzz has again reached a crescendo in the Tamil film industry. This time, it's the Rajinikanth-Aishwarya starrer Enthiran, all set for release on October 1. Even its trailer was well marketed. Theatres even printed tickets for the trailer, for the first time ever. The film is expected to rake in at least Rs 350 crore, overall.
BSE Bulk Deals to Watch - Sep 30 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/9/2010 530901 ACIL Cot Inds JETHABHAI MADHUBHAI CHAUDHARY S 65000 30.00
30/9/2010 511706 Action Fin BP FINTRADE PRIVATE LIMITED S 102546 39.67
30/9/2010 532727 Adhunik Metal CLEARWATER CAPITAL PARTNERS SINGAPORE FUND III PRIVATE LIMITED B 762936 113.78
NSE Bulk Deals to Watch - Sep 30 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-SEP-2010,AMTEKINDIA,Amtek India Limited,SALASAR STOCK BROKING LTD.,BUY,1000000,64.22,-
30-SEP-2010,ANSALAPI,Ansal Properties & Ind Lt,HEM INVESTMENT PVT LTD,BUY,1001499,94.17,-
30-SEP-2010,DCM,DCM Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,126489,128.49,-
Markets end Sept series on a high
Major headlines
Food inflation rises to 16.44%
State Bank of India keeps base rate unchanged at 7.5%; the stock ends higher by 1.22%
Mahindra Satyam slumps on reporting losses; the stock closes 8.90% lower
Select indices edge up in Asia
Most other indices end in red amid global concerns
Asian markets mostly ended lower though the indices in China and India recorded decent gains amid an uncertain global environment. The markets were off to a tentative start on concern that Europe's debt crisis will slow a recovery of the global economy. Drops were extended after the Dublin-based Central Bank said Anglo Irish Bank Corp. and Allied Irish Banks Plc may need an additional 14.4 billion euros ($19.6 billion) in capital. The overnight cues were also negative as Dow slipped by 22.86 points or 0.2% to close at 10,835.28. The high current of global liquidity and a persistent drop in US dollar supported the sentiments for though, making it possible for Chinese and Indian stocks to gain amid after positive growth forecasts about both the economies by the Asian Development Bank earlier in the week.
Commercial Engineers & Body Builders Company IPO Analysis
Commercial Engineers & Body Builders Company (CEBBCO), promoted by Kailash Gupta and Ajay Gupta, manufactures vehicle bodies for commercial vehicles (CVs), refurbishment of wagons and manufacture of locomotive and wagon components.
Banking, metal stocks lead late rebound
In a complete turnaround, the key benchmark indices ended on a firm note, with metal and banking stocks staging a strong rebound in the last 40 minutes or so of trade. The BSE Sensex and the S&P CNX Nifty regained the psychological 20,000 and 6,000 levels respectively in late trade. Seven out of 13 sectoral indices on BSE rose. Banking major State Bank of India hit a record high at the fag end of the trading session. Trading was choppy throughout the session ahead of the Allahabad High Court's verdict on the Ayodhya issue.
Latest Grey Market Premiums - Sep 30 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 8.50 to 9 |
| Career Point Infosystems | 310 (Upper Band) | 142 to 145 |
| Eros International | 175 (Upper Band) | 42 to 43 |
| Microsec Fin | 118 (Upper Band) | 15 to 17 |
| Ramky Infrastructure Ltd. | 450 | 10 to 12 |
| Orient Green Power | 47 to 55 | 1.10 to 1.30 |
| Electro Steel | 10 to 11 | 1.50 to 1.60 |
| Gallantt Ispat | 50 (Fixed Price) | 1.50 to 1.75 |
| VA Tech Wabag | 1230 to 1310 | 300 to 310 |
| Cantabil Retail | 127 to 135 | 3 to 3.50 |
| Tecpro Systems | 355 (Upper Band) | 49 to 50 |
| Ashoka Buildcon | 297 to 324 | 21 to 22 |
| Sea TV Network | 90 to 100 | 17 to 18 |
| Bedmutha Ind. | 95 to 102 | 13 to 14 |
| Coal India | 225 to 250 (Approx) | 14 to 15 |
| Commercial Engg. | 125 to 127 | 8 to 10 |
Tense Thursday…bulls look to roll over peacefully
We must set up a strong present tense against all rumors of wrath, past and to come. - Ralph Waldo Emerson.
The Ayodhya verdict will be pronounced by the Lucknow bench of the Allahabad High Court post market hours. The sentiment on the bourses is unlikely to be affected by the ruling, though there might be some impact on the political front.
Markets set for a flat start; Satyam eyed
Headlines for the day:
Mahindra Satyam posts Rs125 crore loss in FY10
Tata Steel refinances $5-billion Corus loan
RIL offers to buy land of fuel retailers seeking an exit
Market may open flat to lower; food inflation data eyed
The market may fall for the third straight day tracking weak Asian stocks. However, trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 4.50 points at the opening bell.
Daily News Roundup - Sep 30 2010
Mahindra Satyam FY10 loss at Rs1.24bn and revenues at Rs54.81bn. (BS)
TCS bags Rs2.18bn deal from Australian company, AGL and signs pact with BA. (ET)
RIL offers to buy land of fuel retailers who wish to exit. (BS)
Sensex retreats...Ends below 20k; Nifty below 6k
The Indian markets ended in the negative terrain for the second straight trading session amid weak cues from the European markets. After starting with smart gains, the benchmark indices were unable to hold on to their gains on the back of profit booking witnessed at higher levels.
Nifty September 2010 futures below 6,000
Turnover surges
Nifty September 2010 futures were at 5,997.90, at a premium of 6.60 points compared to spot closing of 5,991.30. Nifty October 2010 futures were at 6,019.85, at a premium of 28.55 points compared to spot closing of 5,991.30.
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