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Monday, December 20, 2010

Sun TV

Sun TV

Hero Honda Ltd

Hero Honda Ltd

Sobha Developers

Sobha Developers

BSE Bulk Deals to Watch - Dec 20 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
20/12/2010 590059 APL Apollo Tubes DSP BLACKROCK MUTUAL FUND B 900000 132.00
20/12/2010 590059 APL Apollo Tubes TAPARIA HOLDINGS PRIVATE LIMITED S 345000 132.00

NSE Bulk Deals to Watch - Dec 20 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
20-DEC-2010,ASHCONIUL,Ashco Niulab Ind Ltd,BP FINTRADE PRIVATE LIMITED,BUY,583616,6.08,-
20-DEC-2010,ASHCONIUL,Ashco Niulab Ind Ltd,GANESH SARJULAL GUPTA,BUY,200000,6.10,-

Hero Honda soars as fears of higher royalty payment ebb

Volatility was the order of the day as the key benchmark indices gave up almost all the intraday gains after striking two-week highs. The barometer index BSE Sensex closed with small gains while S&P CNX Nifty closed a tad lower. The Sensex fell below the psychological 20,000 mark, soon after crossing that level in mid-afternoon trade. Interest rate sensitive banking and realty stocks declined. IT, auto and metal stocks gained. Infosys and TCS hit record highs. Index heavyweight Reliance Industries (RIL) pared gains in volatile trade. The market breadth was positive.

Sensex fails to hold 20K, ends flat

The Sensex touched 20000 levels in trade today but could not hold the same and shuts flat owing to sell-off in banking and realty shares

Major headlines

Hero Honda gears up on Honda's stake sale; the stock closes 17.99% higher

Ispat Industries rises as JSW Steel, JSPL in race for stake buy; the stock ends 10.64% up

Tata Chemicals to buy 100% stake in British Salt; the stock closes 0.46% higher

Daily Grey Market Premiums - Dec 20 2010

Company Name

Offer Price




Claris Life science

228 (Lower)


Ravi Kumar Distilleries

64 (Upper)

9.50 to 10

A 2 Z Maintenance

400 (Lower)

1.50 t o 2

Punjab & Sind Bank

113 to 120

30 to 32

No rewards in sight

People choose the paths that grant them the greatest rewards for the least amount of effort. - David Shore.

With hardly any effort from the bulls to shore up sentiment, today’s start is likely to be flat to steady. Things could get better later on provided the external situation improves.

Daily News Roundup - Dec 20 2010

Munjal family and Japan’s Honda Motor formally announced the end of their 26-year-old JV, paving the way for Honda to directly access the Indian market and leaving the Hero group as the majority owner of the world’s largest maker of two-wheelers. (ET)

Tata Steel is in negotiations to dispose off its South African plant and assets to raise upwards of US$150mn in cash. (ET)

Sensex salutes RBI policy

The Indian markets resumed its upturn on Thursday after taking a breather in the previous trading session, with index heavyweights surging in the wake of the RBI's move to refrain from hiking key policy rates.

Markets started off on a flat note and stayed in a tight range till the RBI's policy announcement. The key indices actually slipped into the negative zone after the central bank maintained status quo on policy rates besides leaving the CRR static.

Markets head towards a cautious start

The Indian markets are likely to witness a cautious start tracking negative world markets, which have been hit by the renewed concerns over the euro zone debt crisis

Headlines for the day:

Emission norms triggered Honda exit

Tariff-based bidding for power projects from Jan 5

Hindustan Tin eyeing Rs315 crore turnover

Market may open lower tracking weak Asian stocks

The key benchmark indices may edge lower in early trade on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a fall of 7.50 points at the opening bell.

Asian stock markets fell Monday, 20 December 2010 with Korean shares sharply lower as Seoul prepared to hold live firing drills that threatened to escalate tensions with North Korea. The key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan fell by between 0.02% to 0.86%.

Wealth Creation Study

Wealth Creation Study

Castrol India, Elder Pharma

Castrol India, Elder Pharma

Crude ends with marginal gains

Prices rise as traders anticipate higher demand due to cold weather

Crude prices managed to end with marginal gains on Friday, 17 December 2010 at Nymex. Prices rose as traders anticipated that demand will go up in coming weeks due to further cold weather in the US.

SGX Nifty Live Update - Dec 20 2010

5,966.50 +6.50