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Thursday, December 09, 2010

BSE Bulk Deals to Watch - Dec 9 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/9/2010 517546 Alfa Trans INDUSTRIAL DESIGNS AND SERVICES LIMITED B 40000 33.09
12/9/2010 517546 Alfa Trans PRADEEP VEGUNTA S 41958 33.07
12/9/2010 531448 Arrow Sec SHANTILAL SHAH SURENDRAKUMAR B 62275 60.00

NSE Bulk Deals to Watch - Dec 9 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-DEC-2010,ADSL,Allied Digital Services L,MACQUARIE BANK LIMITED,BUY,469574,175.00,-
09-DEC-2010,DCM,DCM Ltd,JINESH AJITKUMAR JAIN,BUY,120272,72.25,-
09-DEC-2010,GLODYNE,Glodyne Technoserve Ltd,ANNAND SARNAAIK,BUY,170000,643.75,-

Terrifying Thursday: Sensex tanks 454 points

It was a horrible day for markets, with the Sensex ending 454 points lower on the back of panic selling by investors

Major headlines

Food inflation rises to 8.69%

Rallis India buys 53.5% stake in Metahelix life; the stock ends 2.69% lower

IRB Infrastructure denies price rigging reports; the stock closes 0.95% higher

Extended gains for Asian stocks

Except China and India, most major indices clock decent gains

Asian markets mostly ended up on steady overnight cues from the US market and strong commodity prices. The economic data was generally strong and most of the major indices, bearing India and China ended in green. The US stocks scored modest gains yesterday. The Dow edged up 13.32 points or 0.1 percent to 11,372.48, the Nasdaq advanced by 10.67 points or 0.4 percent to 2,609.16 - a new nearly three-year closing high, while the S&P 500 ended the day at its best closing level in well over two years. There was nothing much on the US economic calendar last night and Asian markets witnessed a robust start amid strong commodity prices and a weak US dollar. The sentiments in commodities remained generally stronger though as copper soared to fresh highs and crude also stayed around $89 per barrel.

Small-cap, mid-cap stocks mauled

The key benchmark indices tumbled more than 2% in a broad based sell-off, underperforming mostly higher global stocks, as data showing heavy selling by foreign funds on Wednesday, 8 December 2010, dampened sentiments. The market extended last two days' losses. Index heavyweight Reliance Industries (RIL) slumped more than 3%. Investors dumped small-cap and mid-cap shares as media reports of possible price rigging in select stocks, coming close on the heels of a Sebi action last week against four firms on allegations of price manipulation, rattled investors.

Grey Market Premium - Punjab and Sind Bank, MOIL, A2Z

Company Name

Offer Price




Claris Life science

228 (Lower)


Manganese Ore Ltd.

340 to 375

175 to 180

Shipping Corporation

135 to 140


Ravi Kumar Distilleries

56 to 64

4 to 4.25

A 2 Z Maintenance

400 to 410

29 to 32

(High : 170)

(Low : 35)

One 97 Communication


5 to 5.50

Punjab & Sind Bank

113 to 120

25 to 26

Market may open on a positive note; food inflation data eyed

The market may snap last two days' losses on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 10.50 points at the opening bell. As per provisional data, foreign funds sold shares worth Rs 1484.90 crore and domestic funds bought shares worth Rs 409.05 crore on Wednesday, 8 December 2010. In macro news, the government will unveil data on some wholesale price indices for the year through 27 November 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST.

Mkts expect a steady start on -ve global cues

Markets are expected to resume the trading on a positive note tracking the supportive cues from global markets. The weekly inflation numbers are to be released later today.

Headlines for the day:

Banks hike interest rates on CDs up to 9.5%

NSN, ZTE bag 3G contracts from Aircel

Tata Motors pitches Winger against Innova, Xylo

Daily News Roundup - Dec 9 2010

Tata Steel may team up with an Indian metal or miner company to make counter-bid for Rio Tinto$3.5bn offer.(ET)

Supreme Court (SC) question banks for Rs100bn loans to new licenses.(ET)

Hindalco Industries, Canadian unit Novelis will raise US$4mn loan- cum-debt to refinance hindalco debt. (ET)

NTPC has earmarked Rs1.5trn investment for sourcing equipment for its power projects in the next fiscal, the deliveries of which will be made over five years. (BL)

ONGC will allow GAIL to market gas from C-series field. (BS)

Hero Honda has hiked the prices of its models in the range of Rs500-1,500 to offset the rising input costs. (BL)

State Bank of Bikaner & Jaipur said it had raised deposit rates by up to 105 bps on select maturities. (BS)

CESC has announced its plan to build a 90 MW hydroelectric power project in Arunachal Pradesh. (BL)

Tata Motors lines up new financing deals to boost Nano car sales.(ET)

Arcleor Mittal will spin off its Inox stainless steel division in a bid to unlock value of shareholders.(ET)

Natco Pharma has entered into an agreement with the US-based Watson Pharmaceuticals to develop and market generic lenalidomide tablets. (BL)

Kotak Mahindra Group’s ARC arm, Phoenix ARC, is set to raise a global fund of Rs3bn from investors abroad. (BS)

PE firm Actis is in talks with Isuzu Motors for exiting automobile company Swaraj Mazda. (BS)

Sebi has approved the open offers of Reliance MediaWorks and Inox to buy majority stake in multiplex operator Fame, ten months after being filed. (BS)

The government is likely to increase diesel prices shortly on the back of rising crude prices. (BS)

Tea imports to India dips nearly by 18% in first nine months of current year.(ET)

Vehicles sales grew at 17.8% in November. (BS)

India exports grew fastest rate in five month at 26.8% (YoY) US$18.9bn while imports increased by only 11.2% (YoY) in to US$27.8bn. (ET)

RBI Governor has said inflation was still above the central bank’s tolerance level. (BS)

Sensex sinks on sustained selloff

The market breadth continued to be highly negative as all the BSE Sectoral indices closed in the red.

There is no respite for the Indian market from relentless selling, with the BSE Sensex falling by more than 300 points and the NSE Nifty sliding below 5,900 in intraday trade before recouping some losses.

Morning Research - Dec 9 2010

Morning Research - Dec 9 2010

Trading Calls - Dec 9 2010

Trading Calls - Dec 9 2010

Markets may open positive

Indian equities are likely to open positive on Thursday, Dec. 9, 2010. SGX Nifty is trading at 5,948 (7.49 am), 23 points higher than Wednesday closing of 5,925.

Asian stocks gained, driving the benchmark index to its sixth advance in seven days, as the dollar strengthened almost to an 11-week high against the yen, boosting the profit outlook for Japanese exporters. Japanese benchmark index Nikkei 225 rose 27.13 points, or 0.27%, to trade at 10,259.50.

Asian stocks open positive

Asian stocks gained, driving the benchmark index to its sixth advance in seven days, as the dollar strengthened almost to an 11-week high against the yen, boosting the profit outlook for Japanese exporters.

Hero Honda

Hero Honda

SGX Nifty Live Update - Dec 9 2010

5,945.00 +20.00



Active K-20 Stocks

These are the stocks mentioned by Sucheta Dalal as being active by Ketan Parekh

* Orchid Chemicals,
* GMR Infrastructure,
* Cairn India,
* Deccan Chronicle,
* Reliance Industries,
* Punj Lloyd,
* India Bulls Real Estate,
* Pipavav Shipyard,
* MVL,
* Amtek Auto,
* Hindustan Oil Exploration Company,
* Camson Biotechnologies,
* Crew Bos Products,
* UCO Bank,
* East India Hotels,
* State Bank of India,
* OCL India,
* Kemrock Industries,
* Tatia Global Ventures and
* JSW Steel