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Tuesday, October 19, 2010

Turnover surges

ICICI Bank, Biocon October 2010 futures at premium

Nifty October 2010 futures were at 6,026, at a discount of 1.30 points, compared to spot closing of 6,027.30. Turnover in NSE's futures & options (F&O) segment surged to Rs 1,48,812.78 crore from Rs 1,40,928.80 crore on Monday, 18 October 2010.

Asian markets end mostly up

Overnight cues from the US markets support sentiments

Asian equity markets recorded some gains today on strong overnight cues from the US markets and ideas that the global economic worries might not be a deterrent for the risk appetite at lease for the time being as liquidity conditions remained strong. The US dollar eased in the Asian trades and the most of the indices scraped through the session positively while the Chinese shares recorded excellent gains and helped keep that the overall undertone in the regional stocks positive.

Coal India IPO fully bid

Gets bids for 99.11 crore shares

The initial public offer (IPO) of state-run Coal India was fully bid by 16:00 IST on the second day of the issue today, 19 October 2010, data on NSE website showed. The IPO got bids for 99.11 crore shares, compared with 63.16 crore shares on offer. The issue was subscribed 1.57 times.

Sensex settles below 20,000

The key benchmark indices tumbled in late trade after a strong start, an exact opposite movement to that witnessed on Monday, 18 October 2010. Intraday volatility was high. European and Asian markets were mixed while US index futures were slightly higher. The barometer index BSE Sensex fell below the psychological 20,000 level. But, the 50-unit S&P CNX held the psychological 6,000 mark. The BSE Small-Cap and Mid-Cap indices rose, outperforming the Sensex.

BSE Bulk Deals to Watch - Oct 19 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
19/10/2010 517494 Accel Trans EQUITYINTELLIGENCEINDIA PRIVATELIMITED B 60000 21.07
19/10/2010 532995 Avon Corp DELIGHT FINANCIAL ADVISOR PVT LTD B 785560 5.03

Coal India IPO Subscription Details - Day 2

Qualified Institutional Buyers (QIBs) 4.32
Non Institutional Investors 0.24
Retail Individual Investors (RIIs) 0.08

NSE Bulk Deals to Watch - Oct 19 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
19-OCT-2010,ASTEC,Astec LifeSciences Ltd,MANISH VRAJLAL SARVAIYA,BUY,114718,90.20,-
19-OCT-2010,BEDMUTHA,Bedmutha Indust Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,240792,234.62,-

Market seen opening firm; Bajaj Auto, HDFC Bank earnings eyed

The market is likely to extend Monday's strong intra-day rebound on positive global cues. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could rise 16 points at the opening bell.

The near term focus of the market is on Q2 September 2010 quarter earnings as brokerage update their earnings estimates to FY 2012 (year ending March 2012) taking into consideration the latest quarterly earning.

Markets may open on a positive note

Headlines for the day:

Sterlite gets Supreme Court reprieve till mid-December

Biocon in $200-million pact with Pfizer

New ULIP norms slow life insurance business

Grey Market Premiums - Coal India - Oct 19 2010

Company Name

Offer Price





(Rs. 1 Lac Application)

Oberoi Realty

260 (Upper)

10 to 12


B.S. Trans

248 to 257


Prestige Estate

172 to 183

6 to 7


Gyscoal Alloy

71 (Upper)

11 to 12


Coal India

225 to 245

30 to 31

4500 to 4700

Daily News Roundup - Oct 19 2010

Biocon has entered into a US$350mn strategic alliance with drug-major Pfizer for marketing Biocon’s insulin products. (ET)

Lavasa Corporation, a subsidiary of HCC Ltd, has inked a memorandum of understanding with MGM Studios to set up a theme park in Lonavala, 45 km from Pune. (BS)

Sensex rebounds from session lows...IT shares sparkle

It could have been worse. That is what the bulls must be thinking after Monday's session in which the BSE Sensex dipped below 20,000 and the NSE Nifty fell under 6,000. But, by the close of trade, both the key indices managed to bounce back and reclaimed those crucial levels.

The BSE Sensex ended at 20,168.89, up 43 points from the previous close after being as low as 19,870. It had opened at 20,160 and touched a day's high of 20,229.

Bounce back may extend

If you don't like the road you're walking, start paving another one. Dolly Parton.

The late rebound on Monday is likely to spill over into today’s session, at least at the start. The closing could also be higher if there are no nasty surprises from India Inc. and no negative news from the overseas markets.

Precious metals stay shiny

Prices rise as dollar weakens

Precious metal prices ended little higher on Monday, 18 October 2010 at Comex. Gold prices ended marginally higher after staying in the red for most of the session. Prices went for a little correction today following their recent rally. The weak dollar also aided in the prices staying steady.

Reliance Industries Ltd

Reliance Industries Ltd

Weekly Technical Report - Oct 18 2010

Weekly Technical Report - Oct 18 2010

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Manappuram General Finance

Manappuram General Finance

Larsen and Tourbo

Larsen and Tourbo

Lanco Infratech

Lanco Infratech

KNR Constructions

KNR Constructions

Infosys Technologies Ltd, UTV Software

Infosys Technologies Ltd, UTV Software

Godrej Properties

Godrej Properties

SGX Nifty Live Update - Oct 19 2010

6,149.00 +16.00