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Monday, November 15, 2010
BSE Bulk Deals to Watch - Nov 15 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
15/11/2010 590116 7SEAS TECH MEENU JAINBHANSHALI S 50000 74.45
15/11/2010 517494 Accel Trans PORINJUV VELIYATH B 55900 32.15
15/11/2010 524760 Arvind Intl AJAY KUMAR AGARWAL B 35000 41.13
15/11/2010 524760 Arvind Intl YOGEERAJ KANATHE B 33601 39.41
NSE Bulk Deals to Watch - Nov 15 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
15-NOV-2010,ANTGRAPHIC,Antarctica Graphics Ltd,FIROZ AHAMMAD SHAIK,BUY,712500,0.45,-
15-NOV-2010,BSTRANSCOM,BS TransComm Limited,KAMINI FINANCE AND INVESTMENT,BUY,110000,212.39,-
Markets bounce back on late buying
The Indian markets witnessed a smart pull back in the last couple of hours led by buying in banking, health care and IT stocks
Major headlines
Inflation inches down to 8.58% in October
Shree Renuka Sugars FY10 consolidated net profit jumps three-fold; the stock closes 2.85% higher
Tata Motors global sales surge 18% in October, the stock ends 0.54% higher
Bank stocks lead rebound
The key benchmark indices closed higher, recovering from last week's fall, with banks leading the gains. The market reversed early losses and spurted in late trade as investors cheered improved trade data and easing of inflation in October 2010. Europeans stocks coming off lows and as US index futures edging higher also helped triggered bargain hunting after Friday's (12 November 2010)'s 2.1% drop in the Sensex.
Grey Market Premiums - Gravita, Power Grid, Manganese Ore
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Gravita India Ltd. | 125 | 62 to 65 |
| Power Grid Corporation | 90 (5 % Discount of Retailers & Employee) | Current Market Price Rs. 99.60 |
| R.P.P. Infra Projects Ltd. | 68 to 75 | -- |
| Manganese Ore | 600 to 660 (Approx) | -- |
Daily News Roundup - Nov 15 2010
Ranbaxy Laboratories sues AstraZeneca Plc in the UK over claims that its European patents for Nexium are invalid, two years after settling a related US case. (BS)
Reliance Globalcom, a part of RCom could raise at least US$500 million by selling bonds to European investors. (ET)
Sensex tumbles on grim IIP, global jitters
It was a freaky Friday on Dalal-Street, markets extended losses for the third straight trading session on the back of a global sell-off. The Realty, Consumer Durables and the Metals and the Banking stocks were among the major laggards.
"Rising dollar index, weakness in the global equity markets and media reports stating that Dubai Group missing interest payment on US$330mn loan, acted as dampener for the traders. In addition lower than expected IIP numbers further dragged the NSE Nifty to slide below the 6100 levels," says Amar Ambani, Head of Research (India Private Clients) - IIFL.
No rhyme or reason
If you follow reason far enough it always leads to conclusions that are contrary to reason.- Samuel Butler.
We are staring at a sluggish start; no great reason for the same though. Investors could still be feeling jittery after Friday’s big crash that was blamed partly on bleak IIP data and partly on a steep fall in China.
Flat to negative start likely; Inflation nos eyed
The Indian equities head towards a flat start with negative bias following the subdued Asian markets. The monthly inflation numbers will be eyed.
Headlines for the day:
RBI looks to ease liquidity situation
Adani Power to double Mundra plant capacity
Reliance Communications set to raise $500 million abroad
Market may open flat to slightly higher; inflation data eyed
The key benchmark indices may open flat to slightly higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate that the Nifty could gain 7 points at the opening bell.
US stocks end week with substantial losses
Energy sector remains the only sector to end higher for the week
US stocks ended with substantial losses for the week that ended on Friday, 12 November 2010. Lowering of guidance from Cisco Systems coupled with economic reports from China rattled stocks during the week. Economic reports for the week checked in mixed in nature. Increase in European sovereign debt concerns was another reason for stocks to get shaky during the week.
Crude plunges
Prices drop steeply on anticipation of steps from China
Crude prices ended substantially lower on Friday, 12 November 2010 at Nymex. Prices fell despite the dollar index slipping. Prices fell on reports that China is preparing for an interest-rate increase to counter rising inflation.
Precious metals shed glaze
Prices witness first weekly losses almost in a month
Precious metal prices turned lower on Friday, 12 November 2010 at Comex. Prices fell despite the dollar index slipping. Prices fell on reports that China is preparing for an interest-rate increase to counter rising inflation.
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