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Thursday, October 21, 2010

Coal India Final Subscription Figures

Qualified Institutional Buyers (QIBs) 24.7000
Non Institutional Investors 25.4000
Retail Individual Investors (RIIs) 2.3100
Cut Off 392048500
Price Bids 66585525

Nifty October 2010 futures above 6,100

Turnover surges

Nifty October 2010 futures were at 6,121, at a premium of 19.50 points over spot closing of 6,101.50. Turnover in NSE's futures & options (F&O) segment surged to Rs 1,51,314.66 crore from Rs 1,35,874.27 crore on Wednesday, 20 October 2010.

BSE Bulk Deals to Watch - Oct 21 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
21/10/2010 517494 Accel Trans BP FINTRADE PRIVATE LIMITED S 58316 25.55
21/10/2010 522005 Austin Engr DHEERAJ KUMAR LOHIA B 45149 98.18

NSE Bulk Deals to Watch - Oct 21 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
21-OCT-2010,ARCHIES,Archies Limited,ANMOL FINPRO PVT LTD,BUY,65018,185.08,-
21-OCT-2010,BEDMUTHA,Bedmutha Indust Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,308039,274.93,-

Coal India IPO subscribed more than 15 times

Bids for 30.34 crore shares at cut-off price

Strong demand has been witnessed for Coal India shares in the company's initial public offer (IPO), with the issue subscribed more than 15 times by 16:00 IST on the last day of bidding for the IPO today, 21 October 2010. Bids at cut-off price totaled 30.34 crore shares. A total of 19.89 crore Coal India shares are reserved for bidding by retail investors.

Sensex gains nearly 2% on strong initial batch of Q2 earnings

Strong initial batch of Q2 September 2010 results, and gains in European stocks and US index futures sent Indian stocks surging today, 21 October 2010. The barometer index BSE Sensex regained the psychological 20,000 level and the 50-unit S&P CNX Nifty recaptured the psychological 6,000 mark, as heavy bidding by foreign funds in the initial public offer of Coal India, boosted sentiments. Index heavyweight Reliance Industries (RIL) gained 3%. All the sectoral indices on BSE rose. Data showing easing of food inflation index also supported stock prices. The market breadth was strong. FMCG, banking, metal and realty stocks rose.

High court comes to the rescue of MFIs

The A P High Court on Wednesday asked the state government to explain as to what protective measures it envisaged for the micro finance institutions (MFIs) while implementing its recent ordinance that aims to regulate these MFIs.

Daily News Roundup - Oct 21 2010

UIDAI has shortlisted nine IT companies, including TCS, IBM, Wipro, HCL Tech, Mahindra Satyam and Tech Mahindra, for the managed services provider contract worth around Rs20bn. (BS)

SBI has announced a token increase of 10 bps in its base rate. (BS)

Nifty ends below 6000…after 2-weeks

After enjoying its stay above the 6000 levels for nearly 2-weeks the NSE Nifty has finally ended below the psychological levels. Yet again, intensified selling in the last hour of the session dragged benchmark indices to end in the red, extending its losing streak to fifth straight trading session.

Morning Notes - Oct 21 2010

Morning Notes - Oct 21 2010

Recovery on the Street

Make your own recovery the first priority in your life. - Robin Norwood

The recovery across the globe will elicit copycat moves in our market. Make sure your portfolio is well aligned to take advantage of any upmove. Expect a strong start and renewed buying in large cap counters.

Precious metals glitter again

Prices rise as dollar drops drastically

Precious metal prices ended higher on Wednesday, 20 October 2010 at Comex. Prices rose as the dollar dropped drastically. The dollar pared all of its prior day's gains.

Grey Market Premiums - Oct 21 2010

Company Name

Offer Price




B.S. Trans

248 (Lower)


Prestige Estate

183 (Upper)

6 to 7

Gyscoal Alloy

71 (Upper)

11 to 12

Coal India

225 to 245

32 to 35

Flat-to-positive start likely

Headlines for the day:

Canara Bank looks at acquisition to enter US

Insurers may get to raise tier-II capital

IAF order worth Rs250 crore to Indian industry

Market may edge higher on firm Asian stocks; food inflation data eyed

The market may edge higher, tracking gains in Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 16 points at the opening bell.

Cadila Healthcare Ltd

Cadila Healthcare

HDFC Bank, Sesa Goa, Container Corporation, Bajaj Auto, Mindtree, Polaris Software, Dish TV, BPCL, Cadila Healthcare

HDFC Bank, Sesa Goa, Container Corporation, Bajaj Auto, Mindtree, Polaris Software, Dish TV, BPCL, Cadila Healthcare

Smart Invest and Smart Picks - Oct 20 2010

Smart Invest and Smart Picks - Oct 20 2010

SGX Nifty Live Update - Oct 21 2010

6,025.00 +10.00