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Monday, October 04, 2010
BSE Bulk Deals to Watch - Oct 4 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/10/2010 511706 Action Fin VIRSEN MARUTI DHOTRE B 69681 46.61
4/10/2010 511706 Action Fin BP FINTRADE PRIVATE LIMITED B 46576 47.92
Nifty October 2010 futures at premium
Turnover declines
Nifty October 2010 futures were at 6,177.25, at a premium of 17.80 points over spot closing of 6,159.45. Turnover in NSE's futures & options (F&O) segment declined to Rs 1,11,924.51 crore from Rs 1,18,232.26 crore on Friday, 1 October 2010.
Steady gains for most Asian indices
Markets remain on edge ahead of key interest rate decisions tomorrow
Asian markets ended on a steady note today with some profit selling emerging in the late session moves as investors awaited key central banking decisions in Japan and Australia tomorrow. The markets had gotten off to a decent start as positive closing for US stocks on Friday supported the sentiments. However, the DOW futures slipped into red as the trading progressed and early gains were cluttered somewhat. US dollar also rose from its six-month lows and some selling emerged in commodities too. Chinese markets remained shut for a weeklong holiday.
NSE Bulk Deals to Watch - Oct 4 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-OCT-2010,ASTEC,Astec LifeSciences Ltd,MANISH VRAJLAL SARVAIYA,BUY,85195,85.25,-
04-OCT-2010,DCB,Development Credit Bank L,BLACKSTONE ASIA ADVISORS LLC,BUY,1128554,58.88,-
Markets end with modest gains
Major headlines
Ashok Leyland September vehicle sales up by 90%; the stock closes 2.80% higher
JP Associates cement shipments up by 61% in September; the stock ends 2.06% up
IVRCL Infrastructure bags Rs1,119.76 crore orders; the stock closes 1.35% higher
ICICI Bank strikes 52-week high
Profit profit at higher level wiped off most of the strong initial gains as the key benchmark indices ended just a tad higher. Weakness in European stocks and US index futures, triggered profit taking. Nine out of 13 sectoral indices on BSE were in positive zone. Healthcare stocks were in demand while FMCG and IT stocks fell. The market breadth turned negative, in contrast with a strong breadth in early trade. The BSE 30-share Sensex rose 30.69 points or 0.15%, off close to 231 points from the day's high.
Grey Market Premiums - Coal India, CEBBCO
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Career Point Infosystems | 310 (Upper Band) | 155 to 160 |
| Eros International | 175 (Upper Band) | 42 to 44 |
| Microsec Fin | 118 (Upper Band) | 20 to 22 |
| Ramky Infrastructure Ltd. | 450 | 11 to 12 |
| Orient Green Power | 47 (Lower Band) | Discount |
| Electro Steel | 11 (Upper Band) | 1.25 to 1.50 |
| Gallantt Ispat | 50 (Fixed Price) | + / - 3 to 5 |
| VA Tech Wabag | 1310 (Upper Band) | 300 to 310 |
| Cantabil Retail | 135 (Upper Band) | 3 to 5 |
| Tecpro Systems | 355 (Upper Band) | 55 to 57 |
| Ashoka Buildcon | 324 (Upper Band) | 20 to 22 |
| Sea TV Network | 100 (Upper) | 16 to 18 |
| Bedmutha Ind. | 95 to 102 | 17 to 18 |
| Commercial Engg. | 125 to 127 | 5 to 6 |
| Oberoi Realty | 253 to 260 | -- |
| B.S. Trans | 257 to 266 | -- |
| Coal India | 225 to 250 (Approx) | 16 to 17 |
Daily News Roundup - Oct 4 2010
L&T sells 28mn shares of Mahindra Satyam in the open market for ~Rs2.95bn last month. (BS)
Tata Motors plans to raise US$525mn through a QIP of ordinary and differential voting rights shares as part of its Rs47bn fund raising plan, aimed mainly at reducing debt. (BS)
Sensex, Nifty add 2% this week
It was a super September indeed with indices racing closer to previous highs. While the long wait over the Ayodhya dispute ended with the Allahabad High Court declaring a split but pragmatic verdict. On the street, the verdict was very clear, Bullishness reigned supreme. A broad-based rally on Friday closed the indices around 2% higher. Being the F&O expiry week, volatility was at its peak especially on Thursday.
Common Wealth Gains
Wealth is the ability to fully experience life. - Henry David Thoreau.
A spectacular start to Commonwealth Games on Sunday will shift the focus away from controversies to the actual sports. A few new records will be set for sure. Records are also being broken on the bourses. FII inflows have already surpassed last year’s record. The key indices are also within striking distance of record highs. A slew of stocks are hitting new highs too.
Market may extend last two days gains on firm Asian stocks
The market may extend last two days gains to hit fresh 33 month highs tracking firm Asian stocks. The recent strong foreign fund inflows may further aid sentiment. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 38 points at the opening bell.
Markets may see a strong start
Headlines for the day:
Airline debt recast hinges on RBI cues
Department of Telecommunications backs regulator's 2G plan
LIC to approach IRDA for floating infra bonds
Economic data keep US stocks steady
Stocks register little losses for the week
US stocks ended with little losses for the week that ended on Friday, 01 October 2010. Corporate news was light and economic data came in mixed, with an upside surprise to consumer spending and disappointing consumer sentiment reading. The last day of the week, registered modest gains though.
Copper gathers strength
Prices rise on anticipation of higher demand from China and US
Copper prices ended higher on Friday, 01 October at Comex. Prices rose riding on the back of strong economic data both at home and at China. Prices also rose due to the weak dollar.
Talbros Automotive Components
Investors with medium-term horizon can consider buying the stock of Talbros Automotive Components (Rs 87.7). The company manufactures gaskets, steering and suspension components, stampings, rubber products and forgings.
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