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Thursday, December 16, 2010

Punjab and Sind Bank - Final Subscription Details

QIB - 49.8 times
NII - 85.84 times
Retail - 44.45 times
Employees - 1.61 times

BSE Bulk Deals to Watch - Dec 16 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/12/2010 532682 ABG Shipyard RELIANCE MUTUAL FUND B 300000 367.00
16/12/2010 532682 ABG Shipyard MERLION INDIA FUND III LIMITED - FVCI S 2000000 367.62

NSE Bulk Deals to Watch - Dec 16 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-DEC-2010,ASHCONIUL,Ashco Niulab Ind Ltd,BP FINTRADE PRIVATE LIMITED,BUY,634488,5.80,-
16-DEC-2010,ASHCONIUL,Ashco Niulab Ind Ltd,MASTER FINLEASE LTD.,BUY,792191,5.80,-

RBI's move drives Sensex 217 points higher

The Sensex closed higher by 217 points as sentiments turned bullish after the RBI kept interest rates unchanged

Major headlines

RBI keeps repo, reverse repo and CRR unchanged

Hero Honda board okays joint venture split with Honda; the stock ends 3.57% higher

ONGC board approves stock split, bonus issue; the stock closes 0.55% higher

BSE Mid-Cap, Small-Cap indices outshine Sensex

The market edged higher in three out four trading sessions in a truncated week as investors sought bargains after a steep slide. Small and mid-cap stocks, which were hammered brutally on concerns over a regulatory crackdown on companies, outperformed the large-cap peers. The stock market remains closed on Friday, 17 December 2010, on account of Moharum.

Higher Q3 advance tax payment may cap downside

Emerging market investors will closely watch activity from foreign institutional investors (FIIs) in the coming weeks as rising US bond yields in response to an improving US growth outlook could result in emerging market carry trade losing flavour. Low trading volumes may cause volatility on the bourses towards the end of the calendar year. Volumes are likely to drop as foreign fund managers go for Christmas and year-end vacation.

IT, bank stocks lead rally as RBI announces measures to ease cash crunch

The key benchmark indices surged in choppy trade after the central bank announced measures to ease liquidity crunch in the banking system while keeping the key policy rates unchanged. Two IT giants -- TCS and Infosys hit record highs. Index heavyweight Reliance Industries (RIL) reversed initial losses. Metal stocks also reversed initial losses. The BSE 30-share Sensex jumped 217.08 points or 1.1%, up close to 310 points from the day's low and off close to 30 points from the day's high. Hero Honda Motors jumped close to 4%. The market gained in three out of four trading sessions in a truncated week.

Grey Market Premium - Dec 16 2010

Company Name

Offer Price




Claris Life science

228 (Lower)


Ravi Kumar Distilleries

56 to 64

6 to 6.50

A 2 Z Maintenance

400 to 410

3.50 to 4

One 97 Communication


3.50 to 4

Punjab & Sind Bank

113 to 120

32 to 33

Muted start likely…Eyes on RBI

Heat cannot be separated from fire, or beauty from The Eternal. - Dante Alighieri.

The weather may be getting colder but the political scene remains heated in the wake of the 2G spectrum scam. The CBI continues its raid-spree and reports point to some consternation in the Congress-DMK alliance. The winter session of parliament has been a washout. One has to see what fate now awaits the crucial Budget session.

Daily News Roundup - Dec 16 2010

International and domestic sales of Tata Motors rose 6 % yoy for the month of November. (BS)

Tata Motors has reportedly decided to increase prices of passenger vehicle models, except Nano and Aria, by up to 1.5 % from January. (BS)

Sensex, Nifty snap 3 day winning streak

After managing to retrieve some lost ground in the last three days, the Indian markets were unable to continue the upswing on Wednesday. The NSE Nifty closed below the 5900 mark in the process.

Flat start likely; RBI's move eyed

The Indian markets are expected to begin on a flat note tracking mixed Asian cues; RBI's mid-quarterly review will be in focus

Headlines for the day:

Indirect tax kitty swells 42% in April-November period

Essar Steel in pact with Kobe Steel

Centre planning to set up telecom security panel

Caution may prevail ahead of RBI's policy review

The market may remain cautious ahead of Reserve Bank of India (RBI)'s mid-term policy review today, 16 December 2010. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a flat opening.

SGX Nifty Live Update - Dec 16 2010

5,895.50 -0.50

Equity Strategy

Equity Strategy