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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.
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