Jain Irrigation Systems
Wednesday, November 10, 2010
Grey Market Premium of Power Grid is currently not available. While it may get oversubscribed well in the Institutional side, any subscription by the retail for listing gains may put pressure on the stock on the listing day.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
10/11/2010 530901 ACIL Cot Inds KAMINI BHARAT TAKWANI S 65377 28.19
10/11/2010 531678 Anand Credit HEMENDRA LILACHAND SHAH S 134209 10.95
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
10-NOV-2010,BOMDYEING,Bombay Dyeing & Mfg Co.,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,214810,644.48,-
10-NOV-2010,BSTRANSCOM,BS TransComm Limited,NITIN BABAJI PALANDE,BUY,149788,209.74,-
10-NOV-2010,BSTRANSCOM,BS TransComm Limited,RAJ FINVEST,BUY,149689,212.17,-
10-NOV-2010,BSTRANSCOM,BS TransComm Limited,SAAKSHI SHARES PVT.LTD.,BUY,143295,208.43,-
The Indian markets end the lacklustre session with modest losses on the back of weak global markets and mixed set of quarterly earnings
Tata Motors hits 52-week high on robust Q2 numbers; the stock closes 2.49% higher
Bharti Airtel Q2 consolidated bottomline dips 26% yoy; the stock ends 1.77% lower
GMR Infrastructure Q2 consolidated net profit jumps 33% yoy
Nifty November 2010 futures were at 6,310.15, at a premium of 34.45 points over spot closing of 6,275.70. Turnover in NSE's futures & options (F&O) segment declined to Rs 85326.81 crore from Rs 114889.75 crore on Tuesday, 9 November 2010.
Chinese rake hike fears take centre stage, risk appetite struggles to hold sway
Asian stock markets were mostly bearish today, with rate hike fears in China keeping the sentiments cautious while risk appetite seemingly unable to make its presence felt. The US dollar added to the its overnight gains and traced to a two week high against the Euro as the uncertainty in global markets helped the buck gain as a safe haven measure. US stocks dropped yesterday, witnessing a second straight day of declines as investors retreated from a recent climb that had lifted equities to levels not seen since the financial system went into meltdown in late 2008. By the end of a second day of declines that halted a six-session winning streak, the DOW was down 60.09 points, or 0.5%, at 11,346.75.
Gets bids for 144.62 crore shares against 84.17 crore on offer
The follow-on public offer (FPO) of the state-run transmission firm Power Grid Corporation of India was subscribed 1.72 times by 16:00 IST on day two today, 10 November 2010. The FPO garnered bids for 144.62 crore shares against 84.17 crore on offer.
The key benchmark indices edged lower in a choppy trading session tracking weak European stocks as sovereign debt problems in Europe resurfaced and after China's further monetary tightening. The indices moved in a narrow band near the flat line. Capital goods, FMCG and metal stocks fell. But, consumer durables and IT stocks rose. Index heavyweight Reliance Industries edged lower in volatile trade. Tata Motors jumped to hit record highs after reporting stellar Q2 result. M&M also hit record high. Hindalco Industries slumped after announcing lower than forecasted Q2 result. The market breadth was strong as buying was witnessed in mid cap and small cap stocks.
On a consolidated basis, net profit of Tata Motors surged 10106.6% to Rs 2,222.99 crore on 36.8% rise in net sales to Rs 28,572.71 crore in the quarter ended September 2010 over the quarter ended September 2009.
Net profit of Hindalco Industries rose 26.09% to Rs 433.81 crore on 18.66% rise in net sales to Rs 5802.76 crore in the quarter ended September 2010 over the quarter ended September 2009.
The key benchmark indices may open lower if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate that the Nifty could fall 39 points at the opening bell. Asian stocks were mostly higher.
Bharti Airtel and DLF will announce their Q2 result today.
Coal India is learnt to have placed a bid for Colombian assets of US-based Drummond Co. (FE)
ONGC, which is the licensee and a 30% owner in the oil-rich Rajasthan block operated by Cairn, has held back US$500mn to Cairn India. (ET)
Rs40bn FPO of Hindustan Copper is likely to hit the market on December 6. (FE)
After being under pressure for past two days, bulls were back on Dalal-Street on Tuesday. The FMCG, Realty and Telecom stocks lifted the NSE Nifty to reclaim the 6300 levels. Even the broader indices participated in the upswing. However, the Oil & Gas and PSU stocks were among the major losers.
The Nifty needs to stay above 6300 for a few sessions to build up momentum for taking out all time highs. Today we expect the Nifty to trade in range of 6245-6340.
Nobody in life gets exactly what they thought they were going to get…- Conan O'Brien.