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Monday, December 20, 2010
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,-
20-DEC-2010,ASHCONIUL,Ashco Niulab Ind Ltd,RAGA SHARES AND SECURITIES PVT LTD,BUY,409937,6.09,-
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 (Rs.) | Premium (Rs.) |
| Claris Life science | 228 (Lower) | Discount |
| 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%.
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.
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