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Wednesday, October 27, 2010
Sensex ends weak; NTPC, HDFC, Maruti drop
Indian markets continued to drop for the second day on Wednesday. The Sensex ended deep in the negative terrain due to weak global cues and persistent selling seen across board dragged the index down to a low of 19,923.71. Selling in realty, fast moving consumer goods (FMCG) companies` stocks and index heavyweights dragged the Sensex and the Nifty below significant levels of 20,000 and 6,000 respectively during the day. The indices closed sharply lower on huge volumes but managed to settle above their psychologically important levels.
Weak Wednesday; Markets down for 2nd day
Major headlines
Patni Computer Q3 consolidated net profit dips 14% yoy; the stock ends 0.01% up
Union Bank of India drops on disappointing Q2 results; the stock closes 5.85% lower
Dabur India Q2 consolidated net profit up 15% yoy; the stock closes 1.29% lower
Turnover crosses Rs 2 lakh crore mark as rollover gathers steam
Nifty November 2010 futures at premium
Nifty October 2010 futures were at 6031, at a premium of 18.35 points over spot closing of 6012.65. Nifty November 2010 futures were at 6061, at a premium of 48.35 points over spot closing of 6012.65.
Turnover in NSE's futures & options (F&O) segment jumped to Rs 206567.50 crore from Rs 144403.84 crore on Tuesday, 26 October 2010, as traders rolled over positions in the derivatives from the near-month October 2010 series to November 2010 series ahead of the expiry of the October 2010 contracts on Thursday, 28 October 2010
BSE Bulk Deals to Watch - Oct 27 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
27/10/2010 532937 ABC Paper RAMSONS SECURITIES LIMITED B 100000 74.95
27/10/2010 532937 ABC Paper USHA BHUPENDRA SANGHAVI S 52677 75.00
NSE Bulk Deals to Watch - Oct 27 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
27-OCT-2010,ABGSHIP,ABG Shipyard Limited,GLOBAL VISION SECURITIES PRIVATE LIMITED,BUY,265000,423.11,-
27-OCT-2010,AMARJOTHI,Amarjothi Spinning Mills,DINESH RAJ SHARMA,BUY,173573,77.54,-
27-OCT-2010,ARCHIDPLY,Archidply Industries Limi,RKSV SECURITIES INDIA PRIVATE LIMITED,BUY,125583,33.89,-
BS TransComm soars on debut
Settles at Rs 378.50 on BSE
BS TransComm settled at Rs 378.50 on BSE, a 52.6% premium over the initial public offer price of Rs 248. The stock debuted at Rs 251, a 1.2% premium over the initial public offer (IPO) price. The stock hit a high of Rs 399 and a low of Rs 247.80. A total of 2.29 crore shares were traded on the counter on BSE
Realty, banking stocks lead 1% Sensex slide
The key benchmark indices fell for the second straight day as stocks declined across Asia on concerns that quantitative easing by the Federal Reserve might not be as large as expected. The market breadth was weak, in contrast with a strong breadth earlier in the day. The BSE 30-share Sensex lost 216.02 points or 1.07%, up close to 80 points from the day's low. The Sensex closed just a tad above the psychological 20,000 mark after falling below that level in intraday trade. The S&P CNX Nifty regained the psychological 6,000 mark after falling below that mark in mid-afternoon trade.
Sensex drifts lower in listless session
After starting the pre-Diwali week with smart gains on Monday, the Indian market seemed to lose some steam and eventually ended with moderate losses at the end of a lackluster session.
After opening with a positive bias, the bulls were unable to sustain the early gains as sentiment remained muted amid lack of incremental triggers. Metals and Banking stocks were the major laggards while Auto and Consumer Durables stocks were among the top gainers.
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