Smart Invest and Smart Trade - Nov 3 2010
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Wednesday, November 03, 2010
BSE Bulk Deals to Watch - Nov 3 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/11/2010 523120 Ador Multi RAHUL DOSHI B 56266 43.64
3/11/2010 523120 Ador Multi RAHUL DOSHI S 67832 42.72
3/11/2010 523120 Ador Multi SUSHMA AGRAWAL S 14806 41.30
NSE Bulk Deals to Watch - Nov 3 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-NOV-2010,ABGSHIP,ABG Shipyard Limited,ABG INTERNATIONAL PVT.LTD,BUY,350000,472.78,-
03-NOV-2010,ANTGRAPHIC,Antarctica Graphics Ltd,SHIBU ABRAHAM,BUY,940000,0.45,-
03-NOV-2010,ARCHIES,Archies Limited,RAHUL DOSHI,BUY,265021,46.25,-
03-NOV-2010,ASIANELEC,Asian Electronics Ltd,SETU SECURITIES LTD,BUY,1045566,27.76,-
03-NOV-2010,ASIANELEC,Asian Electronics Ltd,SETU SECURITIES PVT LTD,BUY,700000,27.05,-
Markets resume uptrend on ‘Dhanteras’
Major headlines
JSW Steel Oct crude steel output up 23% yoy; the stock closes 0.05% lower
GAIL Q2 net profit jumps 29.5% yoy; the stock ends 0.13% higher
Fortis Healthcare surges on strong Q2 results; the stock closes higher by 1.43%
Gravita India IPO Subscription Details
Qualified Institutional Buyers (QIBs) 6.04
Non Institutional Investors 182.52
Retail Individual Investors (RIIs) 37.34
Gravita India IPO subscribed 41 times
Gets bids for 14.86 crore shares
The initial public offering (IPO) Gravita India, a manufacturer of lead metal, received a strong investor response. The IPO was subscribed 41.28 times by 17:00 IST on the last day of the issue today, 3 November 2010, data on NSE showed. The IPO got bids for 14.86 crore shares compared with 36 lakh shares on offer.
Market drifts higher ahead of Fed meet
Banking, metal and PSU shares led modest gains on the domestic bourses today, 3 November 2010, a day after the central bank on Tuesday, 2 November 2010, signaled a pause in its policy tightening drive that began in October 2009. The BSE 30-share Sensex jumped 120.05 points or 0.59%, up close to 40 points from the day's low and off close to 70 points from the day's high. Good Q2 September 2010 results and sustained buying by foreign funds underpinned sentiments.
Grey Market Premiums - Nov 3 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Coal India | 245.00 | 38 to 40 |
| Gravita India Ltd. | 120 to 125 | 20 to 22 |
Market seen opening firm on positive global cues
The market may edge higher on positive global cues. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could advance 36 points at the opening bell.
Daily News Roundup - Nov 3 2010
A consortium of India’s top state owned energy firms led by ONGC, is in talks to acquire a 25% stake in Australia’s Advent Energy for around US$1bn. (ET)
ONGC plans to invest over US$10bn to develop its new gas field in the KG basin for production. (FE)
Power ministry has favoured allocation of gas from Reliance Industries' KG-basin block to NTPC and will push for the same in the inter-ministerial meeting next week. (ET)
Swinging Sensex ends flat
The key Indian stock indices ended almost unchanged at the end of a choppy session. The market opened with a positive bias and managed to recover for a brief period post the RBI rate hike which was on expected lines. However, the indices retreated from day's high and turned volatile before closing flat.
Strong start likely for markets
The Indian markets are expected to begin the session on a positive note tracking the worldwide rally
Headlines for the day:
SpiceJet to buy aircraft for $900 million
Banks likely to hike home loan rates by January
Vedanta gives Rs10 crore bank guarantee to state pollution board
Prosperity on the Street
Prosperity is a way of living and thinking, and not just having money or things. - Eric Butterworth.
Prosperity and well being is the theme of the day on the occasion of Dhanteras. We expect a higher start following a positive finish on Wall Street and in Europe.Asian markets are mixed. Markets in Japan are shut. Whether early gains will be held remains to be seen. The market could turn up again, provided there are no nasty surprises on the external front.
US stocks secure gains ahead of Fed's decision
Depot leads the gains among Dow components
Bulls voted for US stocks on the second trading day of November 2010 and stocks ended the day with good gains on Tuesday, 02 November 2010. Though indices pared some of their intra day gains, commodities led by materials took stocks higher as the dollar eased today. There was no economic report expected today but market participants waited eagerly for the result of the mid term elections that were scheduled to be published later in the day. Other than that, traders mulled over Federal Reserve's latest meeting that began today and looked forward to any steps that will be announced tomorrow regarding quantitative easing.
Copper rises for second straight day
Weak dollar pushes up prices
Copper prices ended higher for second straight day on Tuesday, 02 November at Comex. Weak dollar pushed prices higher.
Precious metals shine
Dollar weakness props up precious metals
Weakness in the dollar propped up precious metals on Tuesday, 02 November 2010. Anticipation among traders regarding Fed's moves on quantitative easing this week also took precious metals higher.
Crude at six-month highs
Prices rise as dollar plunges
Crude prices jumped to six-month highs on Tuesday, 02 November 2010 at Nymex. Weakness in the dollar propped up crude prices. Positive global data also pushed up prices.
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