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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.
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