Most Popular Posts right now!
- Stock Picks for 2012
- BHEL, LIC Housing Finance, Phoenix Mills, India Cements, Jai Balaji Industries
- Better Investor
- Yes Bank
- 26+ Stock Picks for 2012
- India Real Estate Sector
- Daily News Roundup - Jan 30 2012
- Don’t give up
- BHEL
- Wipro, Ultratech Cement, Bajaj Auto, ITC, Hero Motocorp, Geometric Software, Shree Cement, Patel Engineering, Maruti Suzuki and more
Thursday, October 07, 2010
Sensex slumps on late sell-off
Major headlines
Food inflation eases to 16.24%
International Monetary Fund ups growth outlook to 9.7%
Tata Communications rings loud on expansion; the stock closes 2.69% higher
NSE Bulk Deals to Watch - Oct 7 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-OCT-2010,ASIANELEC,Asian Electronics Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,163491,27.98,-
07-OCT-2010,CPIL,Career Pt Infosystem Ltd,AKSHI FINANCE PRIVATE LIMITED,BUY,154247,637.92,-
BSE Bulk Deals to Watch - Oct 7 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/10/2010 513513 Aditya Ispat MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 34154 14.01
7/10/2010 504629 Anil Special NAMRATA KUNJAN DELIWALA B 90000 18.34
Asian stocks end mostly lower
Markets ease after recent spree of gains as investors adopt wait and watch approach ahead of key economic reports
BSE Mid-Cap, Small-Cap indices reverse initial gains
Profit taking after recent strong gains pulled the key benchmark indices more than 1% lower in what was a choppy trading session. IT, metal, realty and banking stocks led the decline. The market breadth turned weak, in total contrast with a strong breadth earlier in the day. Index heavyweight Reliance Industries reversed initial gains. The BSE 30-share Sensex fell 227.76 points or 1.11%, off close to 270 points from the day's high and up close to 40 points from the day's low.
Grey Market Premiums, Discounts - Oct 7 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Ramky Infrastructure Ltd. | 450 | 8 to 10 |
| Orient Green Power | 47 (Lower Band) | Discount |
| Electro Steel | 11 (Upper Band) | 1.10 to 1.20 |
| Gallantt Ispat | 50 (Fixed Price) | + / - 4 to 6 |
| VA Tech Wabag | 1310 (Upper Band) | 240 to 250 |
| Cantabil Retail | 135 (Upper Band) | 3 to 5 |
| Tecpro Systems | 355 (Upper Band) | 48 to 50 |
| Ashoka Buildcon | 324 (Upper Band) | 12 to 15 |
| Sea TV Network | 100 (Upper) | 15 to 17 |
| Bedmutha Ind. | 102 (Upper) | 13 to 14 |
| Commercial Engg. | 125 to 127 | -3 to -5 (Discount) |
| Oberoi Realty | 253 to 260 | 13 to 14 |
| B.S. Trans | 257 to 266 | 6 to 8 |
| Coal India | 225 to 250 (Approx) | 14 to 15 |
Market may open flat; food inflation data eyed
The market may open flat amid lack of a clear direction from Asian equities, which were mixed. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could see a flat opening.
Flat start on the cards
Headlines for the day:
RIL's K-G gas play may get bigger with D4 block
Banks' commission from govt business set to rise
Cairn to seek nod today for Vedanta deal
Daily News Roundup - Oct 7 2010
According to Canada based Niko resources which hold 15% stake in K-G Basin D4 block "the prospective gas reserve in Reliance Industries K-G basin D4 block could be significantly higher then previously estimated (BS)
GAIL places Rs6.8bn orders for pipelines for laying a gas pipeline from Dabhol in Maharashtra to Bangalore. (BS)
Sensex resumes upswing…Realty, Metals lead
Bulls were back in action after taking a breather in the previous session. The Indian markets ended with smart gains, tracking strong global cues with the Realty and Metal stocks leading from the front. For the second day running the broader markets outperformed the benchmark indices.
Coming to terms…
The dollar is being pummeled due to a sluggish US economy and expectations of fresh Quantitative Easing by the Fed. Commodities are on fire. Gold is at record high. Copper is at a two-year high. Crude oil is hovering around $83 per barrel. Silver and Tin too are shining.
One's first step in wisdom is to question everything - and one's last is to come to terms with everything. – Lichtenberg.
Career Point sizzles... Eros flattens on debut
The shares of Career Point Infosystems Limited., closed 112% up on listing. The shares of Career Point closed higher at Rs 658.80, it touched an intra day high of Rs 664 and an intra day low of Rs 436.10, on the NSE.
Wednesday, October 06, 2010
Nifty October 2010 futures above 6,200
Turnover rises
Nifty October 2010 futures were at 6,211, at a premium of 24.55 points over spot closing of 6,186.45. Turnover in NSE's futures & options (F&O) segment rose to Rs 92,035.12 crore from Rs 87,646.91 crore on Tuesday, 5 October 2010.
Clean sweep for bulls in Asia
Markets extend gains on ideas of persistently supportive central banking action
Asian markets shot higher today, extending the rally witnessed in the last session as strong overnight cues and ideas that U.S. Federal Reserve would be bringing back its quantitative easing measures pushed the indices up around the region. A stronger than expected reading on U.S. service sector activity also helped to drive the major averages to multi-month closing highs. The US stocks rallied yesterday and the Dow closed at a five-month closing high while the Nasdaq and the S&P 500 reached their best closing levels in well over four months.
Oberoi Realty gets anchor investors
To issue 71.21 lakh shares to anchor investors at Rs 260 per share
The initial public offer of Oberoi Realty was subscribed 4% by 16:00 IST on the first day of the issue today, 6 October 2010. The IPO received bids for 17.79 lakh shares, compared with 3.95 crore shares on offer.
Career Point Infosystems sparkles on debut
Settles at Rs 632.35 on BSE
Career Point Infosystems settled at Rs 632.35 on BSE, a 103.98% premium over the initial public offering price of Rs 310. The stock debuted at Rs 461, a 48.70% premium over its initial public offering (IPO) price. The stock hit a high of Rs 674 and low of Rs 450.
BSE Bulk Deals to Watch - Oct 6 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/10/2010 513729 ARO Granite SAR AUTO PRODUCTS LIMITED S 55448 64.78
6/10/2010 531320 Arsi Cosmetics AMITA SUSMITBHAI SUTARIA S 39700 16.30
NSE Bulk Deals to Watch - Oct 6 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
06-OCT-2010,CCCL,Consolidated Construction,FRANKLIN TEMPLETON MUTUAL FUND,BUY,4000000,83.00,-
BS Transcomm IPO Analysis
BS Transcomm, promoted by Sunil Agarwal, Mukesh Agarwal and Rakesh Agarwal, is enaged in the business of manufacturing towers and turnkey services for telecom and power transmission sector.
Oberoi Realty IPO Analysis
Oberoi Realty, promoted by Vikas Oberoi, is engaged in the business of real estate development with major/strong focus on the Mumbai market. The company is focused on the premium residential segment of real estate development and also develops office space, retail, hospitality and social infrastructure projects in mixed use and single segment developments.
Sensex, Nifty attain 33-month closing highs
The key benchmark indices -- the barometer index BSE Sensex and the 50-unit Nifty, attained their highest closing levels in nearly 33-months, led by rally in metal and realty stocks. Barring the BSE FMCG index, all the sectoral indices, rose. The market breadth was strong as the broader market outperformed the key benchmark indices for the second consecutive session. The Sensex jumped 135.37 points or 0.66%, off close to 127 points from the day's high and up close to 96 points from the day's low.
Grey Market Premiums - Oct 6 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Career Point Infosystems | 310 (Upper Band) | 140 to 150 |
| Eros International | 175 (Upper Band) | 40 to 45 |
| Ramky Infrastructure Ltd. | 450 | 9 to 11 |
| Orient Green Power | 47 (Lower Band) | Discount |
| Electro Steel | 11 (Upper Band) | 1.30 to 1.40 |
| Gallantt Ispat | 50 (Fixed Price) | + / - 4 to 6 |
| VA Tech Wabag | 1310 (Upper Band) | 290 to 300 |
| Cantabil Retail | 135 (Upper Band) | 3 to 5 |
| Tecpro Systems | 355 (Upper Band) | 52 to 55 |
| Ashoka Buildcon | 324 (Upper Band) | 18 to 20 |
| Sea TV Network | 100 (Upper) | 15 to 17 |
| Bedmutha Ind. | 102 (Upper) | 15 to 17 |
| Commercial Engg. | 125 to 127 | -8 to -10 (Discount) |
| Oberoi Realty | 253 to 260 | 14 to 15 |
| B.S. Trans | 257 to 266 | 10 to 11 |
| Coal India | 225 to 250 (Approx) | 15 to 16 |
Market may surge at open on firm Asian stocks
The market may surge in opening trade, tracking firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 44 points at the opening bell.
Markets set for a strong opening
Headlines for the day:
CCEA okays divestment in Shipping Corporation
RIL, Bechtel firm up power plans
NELP-IX norms to give firms more time to explore oil
Daily News Roundup - Oct 6 2010
Reliance Industries is finalising a new alliance with engineering and project management partner Bechtel Corporation, as it prepares to enter the power sector. (BS)
The Jharkhand government has rejected a forest clearance for a railway link being planned for evacuation of coal from the North Karanpura coalfield operated by Coal India. (BS)
Sensex, Nifty soften...But broader market dazzles
The main Indian stock indices ended the day with losses for the first time in four straight trading sessions, continuing its pullback from 33-month high from the previous session.
Set to soar at start!
One can never consent to creep when one feels an impulse to soar. - Helen Keller.
A surprisingly aggressive monetary easing by Japan and strong growth in the US services PMI lifted the spirits across world markets. Expectations are mounting that the Fed and other central banks in the developed world may also have to follow suit to shore up growth. Risk appetite seems to have improved amid some evidence that double-dip fears may have been exaggerated.
CEBBCO IPO subscribed 2.03 times
Gets bids for 2.29 crore shares
The initial public offering (IPO) of Commercial Engineers & Body Builders Company (CEBBCO) was subscribed 2.03 times by 16:00 IST on the last day of its issue today, 5 October 2010. The issue garnered bids for 2.29 crore shares, compared with 1.13 crore shares on offer. The price band for the IPO is Rs 125-127 per share.
Sensex ends in red after 3 trading sessions
The Indian markets closed negative today, October 5, first time after three trading sessions, erasing earlier gains. The Sensex ended the range bound session on a sluggish note amid volatility. FMCG, metal and banking stocks dipped, while consumer durable, power and auto moved up.
Nifty October 2010 futures at premium
Turnover declines
Nifty October 2010 futures were at 6,176.15, at a premium of 30.35 points, compared to spot closing of 6,145.80. Turnover in NSE's futures & options (F&O) segment declined to Rs 87,646.91 crore from Rs 1,11,924.51 crore on Monday, 4 October 2010.
Microsec Financial Services falls below IPO price
Settles at Rs 110.90 on BSE
Microsec Financial Services settled at Rs 110.90 on BSE, a 6.01% discount to the initial public offer price of Rs 118.
Tuesday, October 05, 2010
Delight for D-street in July-Sept quarter
After a quite H1CY2010 (first six months of 2010), the bulls were back with a bang in July-September quarter. The domestic indices witnessed strong gains of over 13% in the quarter. The domestic indices outperformed its global peers mainly on account of continuous inflows of foreign funds. The other positive triggers back home were gross domestic product (GDP) for Q1FY2011 at 8.8% growing at a fastest pace in 2 ½ years, continuous rise in exports and strong index of industrial production data for July at 13.8%; this led foreign institutional investors (FIIs) to maintain their bullish stance on India. The Sensex and the Nifty touched new high of 20000 and 6000 levels respectively for first time since January 2008. However, the domestic markets shrugged off the rate hike by the Reserve Bank of India in its quarterly policy in July and in its mid-quarter policy review in September along with string of weak global data in the US.
BSE Bulk Deals to Watch - Oct 5 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
5/10/2010 530043 Acknit Inds DIPAK KANAYALAL SHAH B 24000 35.23
5/10/2010 530043 Acknit Inds AMIT JAIN S 20009 35.27
5/10/2010 590059 APL Apollo Tubes APL INFRASTRUCTURE PRIVATE LIMITED B 250000 156.52
NSE Bulk Deals to Watch - Oct 5 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
05-OCT-2010,AMDIND,AMD Industries Limited,V.K. KUMRA,BUY,115000,30.23,-
05-OCT-2010,AROGRANITE,Aro Granite Industries Li,SAR AUTO PRODUCTS LIMITED,BUY,85770,68.66,-
Sensex shuts choppy session lower
Major headlines
Microsec Financial slides after a decent debut; the stock closes 6.02% lower
JSW Energy gains on commissioning power unit; the stock ends 5.52% higher
Adani Power restructures $1 billion debt to save cost; the stock closes higher by 2.89%
Anil Dhirubhai Ambani group shares vault
The key benchmark indices ended lower in choppy trade as resistance emerged after a three-day rally, but sustained foreign fund buying helped the broader market score gains. The market seesawed as traders booked profits at higher levels while investors bought shares on declines. Shares of Anil Dhirubhai Ambani group saw across the board rally today, 5 October 2010.
Crude pares early gains
Supply concerns and strong dollar pull down prices
Crude oil prices pared early gains and ended lower on Monday, 04 October, 2010 at Nymex. Prices shed early gains as the dollar strengthened following concerns in the euro zone economy. Supply concerns also led to higher crude prices.
Latest Grey Market Premiums - Oct 5 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Career Point Infosystems | 310 (Upper Band) | 155 to 157 |
| Eros International | 175 (Upper Band) | 41 to 43 |
| Microsec Fin | 118 (Upper Band) | 18 to 22 |
| Ramky Infrastructure Ltd. | 450 | 9 to 11 |
| Orient Green Power | 47 (Lower Band) | Discount |
| Electro Steel | 11 (Upper Band) | 1.30 to 1.40 |
| Gallantt Ispat | 50 (Fixed Price) | + / - 4 to 6 |
| VA Tech Wabag | 1310 (Upper Band) | 290 to 300 |
| Cantabil Retail | 135 (Upper Band) | 3 to 5 |
| Tecpro Systems | 355 (Upper Band) | 52 to 55 |
| Ashoka Buildcon | 324 (Upper Band) | 18 to 20 |
| Sea TV Network | 100 (Upper) | 15 to 17 |
| Bedmutha Ind. | 102 (Upper) | 15 to 17 |
| Commercial Engg. | 125 to 127 | -8 to -10 (Discount) |
| Oberoi Realty | 253 to 260 | 9 to 11 |
| B.S. Trans | 257 to 266 | 6 to 8 |
| Coal India | 225 to 250 (Approx) | 15 to 16 |
Precious metals turn little dull
Prices drop as dollar regains some strength
Precious metals dropped a little from their all time highs on Monday, 04 October 2010 at Comex. Prices shed early gains as the dollar strengthened following concerns in the euro zone economy.
Market may open flat to slightly lower
The market may open steady to slightly weaker, tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a flat opening for Nifty.
Sensex expects a cautious start
Headlines for the day:
IRDA norms could cap charges on ULIPs
Parsvnath plans to raise up to $67 million via QIP
RIL tax battle with UP holds up gas sale to NTPC, IOC
Daily News Roundup - Oct 5 2010
TCS, Infosys and Wipro have been shortlisted by insurance regulator IRDA for financial bidding to implement its enterprise resource planning (ERP) system. (ET)
Tata Motors has acquired 80% stake in Trilix Srl, an Italian design and engineering firm for Rs113mn. (ET)
Sensex skids on profit booking
The Indian markets ended near the day's low on Monday after starting off a new week on a much more stronger footing. After opening with smart gains, the key stock indices came under pressure and slipped from session highs gradually through the day. FMCG, IT and Telecom stocks were among the major losers today.
Some silver lining
Too many people miss the silver lining because they're expecting gold. - Maurice Sette.
India missed out some gold medals at the Commonwealth Games. But four Indian weightlifters brought home two silver and two bronze; not bad to begin with. The heavyweights in the indices too seem to be losing the golden touch. It looked like another splendid day for the bulls but the early morning rally fizzled out with the key indices closing nearly flat. The silver lining is that robust economic fundamentals and steady earnings growth make India a compelling case. Today’s opening is likely to be sedate at best owing to shaky global markets. The finish could be different if world markets improve.
US stocks closed lower as investors turned cautious after last month’s rally. Wall Street also chose to be on the sidelines ahead of the all-important jobs data and the start of the quarterly earnings season. Downgrades of Alcoa and Microsoft accentuated the fall. European stocks also fell while Asian indices are also mostly in red. Though the overall undercurrent remains strong, there might be some cooling after a sensational September. Any consolidation this month won’t be all that bad.
All eyes will be on the monthly US jobs data and other important economic reports. Central bank decisions are due today in Japan and Australia, while the same will be announced on Thursday in the UK and EU. The earnings season also kicks off this week - here in India and in the US.
The Nifty has strong support at around 6100-6080. On the way up, it will meet resistance at 6230-6250 before it heads north towards 6300-6350. Its all-time high stands at 6357. On daily candlestick chart, the Nifty has formed an shooting star pattern. This has to be dealt with caution as a close below 6130 is likely to confirm reversal in the short term.
Tech Mahindra could see some action amid reports that BT is planning to reduce its stake further. Patni Computer is in the news again for stake sale. SKS Microfinance may continue to be in the spotlight after its Board sacked its CEO.
Shares of Microsec Finance Ltd. will list today on the bourses.
Gitanjali Gems and other retailers of diamond jewellery could rise amid reports of strong sales. Akzo Nobel has sold its starch business to CPI's Indian subsidiary. ONGC might take a hit on reports that BP will sell stake in its Vietnam project to its affiliate first.
The FIIs were net buyers of Rs12.64bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were net sellers of Rs7.97bn. In the F&O segment, the foreign funds were net sellers at Rs1.09bn. The foreign funds were net buyers of Rs19.64bn in the cash segment on Friday, as per the SEBI web site. Mutual Funds were net sellers at Rs187mn on the same day.
Subscribe to:
Posts (Atom)