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Wednesday, November 24, 2010

Power Grid FPO Listing Date

Power Grid FPO Shares would be listing on Nov 25 2010

BSE Bulk Deals to Watch - Nov 24 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/11/2010 524412 Aarey Drugs J V STOCK BROKING PRIVATE LIMITED B 38395 32.65
24/11/2010 524412 Aarey Drugs PATEL REKHABEN SANJHAYBHAI B 46440 30.35

NSE Bulk Deals to Watch - Nov 24 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
24-NOV-2010,GLORY,Glory Polyfilms Limited,RAJ FINVEST,BUY,339,9.05,-
24-NOV-2010,GLORY,Glory Polyfilms Limited,TRANS FINANCIAL RESOURCES LTD,BUY,660892,9.23,-

Fake housing loan scam hit markets in late trade

The domestic indices slid after news emerged that CBI conducted several raids in context of the multi crore fake housing loan scandal involving LIC Housing Finance. There was a heavy sell-off in banking and realty stocks.

Major headlines:

Siemens' FY2010 consolidated net profit up 7% YoY.

Murli Industries shoots up on hive-off of cement business.

Mahindra & Mahindra soars on inking pact with Ssangyong.

Market hits two-month low as CBI arrests bank officials on bribery charges

The key benchmark indices tumbled in late trade, with financial and realty stocks witnessing a sharp sell-off on television reports of a multi-crore housing loan scandal. But, news reports after trading hours suggested it was a case of bribery of bank officials for arranging corporate loans. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty settled at their lowest closing levels in more than two months. The Central Bureau of India (CBI) has arrested top officials from some leading PSU banks and public/private financial institutions. The CBI said that the officers of Bank of India, Central bank of India, Punjab National bank and LIC HF were receiving illegal gratification for facilitating loans. Executives at Money Matters Financial Services were also arrested for broking bribery deals.

Grey Market Premiums - Claris Lifesciences, MOIL

Company Name

Offer Price





(Rs. 1 Lac


Power Grid Corporation


(5 % Discount of

Retailers & Employee)

10 to 11


R.P.P. Infra Projects Ltd.

68 to 75

11 to 12


Claries Life science

278 to 293

33 to 35

1700 to 1800

Manganese Ore Ltd.

340 to 375

260 to 265

2800 to 2900

Shipping Corporation




One 97 Communication




Morning Notes - Nov 24 2010

Morning Notes - Nov 24 2010

Claris Lifesciences IPO Analysis

The Ahmedabad-based Claris Lifesciences, promoted by Arjun S. Handa and Sarjan Financial Private Limited, is one of the largest Indian sterile injectables pharmaceutical companies with presence in 76 countries worldwide. It offers 128 products across multiple markets and therapeutic areas. All of its products are off-patent products, which range across various therapeutic segments, including anesthesia, critical care, anti-infectives, renal care, infusion therapy, enteral nutrition, parental nutrition and oncology. It offers injectables in various delivery systems, such as glass and plastic bottles, vials, ampoules, pre-filled syringes and non-PVC and PVC bags. Its customer base primarily includes government and private hospitals, aid agencies and nursing homes.

Market may remain volatile

Stocks may continue to remain volatile as traders roll over positions in the derivatives segment from the near-month November 2010 series to December 2010 ahead of the expiry of the November 2010 futures & options (F&O) contracts on Thursday, 25 November 2010. The market staged a decent rebound on Tuesday, 23 November 2010 after a 3% intraday slide.

No collateral damage on the Street

"Our best built certainties are but sand-houses and subject to damage from any wind of doubt that blows" - Mark Twain.

The spell of unseasonal rains persists in many parts of the nation, so does the string of bad news (mostly external). WPI inflation, especially food inflation, has moderated lately. But, the untimely showers could do some damage to the harvested kharif crops, potentially pushing up food prices.

Daily News Roundup - Nov 24 2010

JSW Energy has agreed to acquire Canada’s CIC Energy for C$422mn. (ET)

Coal India hopes to acquire a stake in at least one of the Australian mines of Peabody Energy in a few months and is in advanced negotiations with foreign firms for long-term coal import contracts. (ET)

Coal India to acquire Massey Energy, the fourth-largest coal company in the United States, in its entirety. (BS)

Shell shocked Sensex stages smart recovery

The key Indian stock indices managed to stage a smart 'V' shape recovery after reports that South Korea and North Korea had ended shelling on their tense western maritime border.

South Korea's YTN television said two people were injured, several houses were on fire and that shells were still falling on Yeonpyeong island.

Mkts to open flat on mixed Asian cues

Markets are likely to start the session on a flat note following the mixed Asian cues. The market undertone is negative but one needs to be cautious, as volatility is expected ahead of F&O expiry.

Headlines for the day:

MOIL IPO price band fixed at Rs340-375

JSW snaps up Canada firm for C$422 million

Aegis Logistics to invest Rs430 crorein oil terminal projects

Crude ends modestly lower

Prices slip as tensions rise in Korean region

Crude prices ended lower on Tuesday, 23 November 2010 at Nymex. Prices fell as the dollar rose and as political problems cropped up between North and South Korea. Prices also fell as the dollar ended lower.

Precious metals continue to glitter

Prices rise as problems as Korean problems crop up

Precious metals ended higher on Tuesday, 23 November 2010 at Comex. Prices rose as investors got new fodder to worry about as problems once again cropped up between North and South Korea. In addition, European sovereign debt problems persisted increasing the appeal of bullion metals. Prices rose despite a strong dollar.

SGX Nifty Live Update - Nov 24 2010

5,945.00 +11.00

BSE Bulk Deals to Watch - Nov 23 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
23/11/2010 524412 Aarey Drugs PRATIBHA BHARAT GAJJAR B 35000 29.54
23/11/2010 524412 Aarey Drugs BHARAT KANTILAL GAJJAR B 50000 28.69
23/11/2010 524412 Aarey Drugs BP FINTRADE PRIVATE LIMITED B 42942 29.39

Sensex ends 265.75 points lower on global worries

Indian markets dropped on Tuesday erasing earlier gains. Markets opened in the negative terrain tracking weak global cues like concerns of spillover of Ireland`s debt crisis to other European nations like Portugal and Greece, China`s high inflation and domestic 2G spectrum allocation issues.

NSE Bulk Deals to Watch - Nov 23 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
23-NOV-2010,AMTEKINDIA,Amtek India Limited,PRADEEP JAIN,BUY,1900000,64.25,-
23-NOV-2010,AMTEKINDIA,Amtek India Limited,SAFFRON FINANCE LIMITED,BUY,700000,64.93,-

India Telecom, Mphasis BFL, India Metals, India Banks

India Telecom, Mphasis BFL, India Metals, India Banks