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Thursday, December 23, 2010
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BSE Bulk Deals to Watch - Dec 23 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
23/12/2010 533292 A2ZMES RKSV SECURITIES INDIA PRIVATE LIMITED B 424995 351.76
23/12/2010 533292 A2ZMES AMIT MITTAL B 895000 336.49
23/12/2010 533292 A2ZMES GENUINE STOCK BROKERS PVT. LTD. B 650686 344.98
NSE Bulk Deals to Watch - Dec 23 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
23-DEC-2010,A2ZMES,A2Z Mnt. & Eng. Serv Ltd,AMIT MITTAL,BUY,980000,337.78,-
23-DEC-2010,A2ZMES,A2Z Mnt. & Eng. Serv Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,2494949,346.74,-
Sensex ends below 20,000 mark; Hindalco, Tata Steel drop
Indian equities continued to drop for the second day on Thursday. At the close, the benchmark 30-share index, BSE Sensex declined 32.92 points or 0.16% at 19,982.88 with 20 components registering drop. while the broad based NSE Nifty closed flat with a decline of 4.40 points or 0.07%, at 5,980 with 35 components posting drop.
Dull session ends flat on thin volumes
The Indian markets shut a lacklustre session on a flat note due to lack of investor participation ahead of holiday season
Major headlines
Food inflation rises to 12.13%
Sun Pharma energises on favourable US ruling
SAIL slips on lower FPO price talk
Asian markets end slightly weak
Lack of active trading makes major indices mostly drop
Lack of active trading participation by the investors ahead of the Christmas holidays saw the Asian markets ending on a slightly weak note amid thin sideways movements. The markets started off decently on positive overnight cues and strong commodity prices but gave up their advances as the day progressed. The data out yesterday showed that the US economy expanded at a 2.6% pace in the third quarter, slightly faster than previously reported 2.50, following mainly because of a higher inventory buildup. Over the past four quarters, the economy has clocked a growth of 3.2%, reflecting a modest rebound from the sub prime led recession. US stocks edged slightly higher last night amid low volume with the Dow gaining 26.33 points or 0.2% to close at 11,559.49. Japanese markets were closed for a public holiday today, making the session a listless one on the whole.
Nifty December 2010 futures at premium
Turnover plunges
Nifty December 2010 futures were at 5,996.75, at a premium of 16.75 points over spot closing of 5,980. Turnover in NSE's futures & options (F&O) segment plunged to Rs 87,669.53 crore from Rs 109438.29 crore on Wednesday, 22 December 2010.
Market ends slightly lower on thin volumes
The key benchmark ended a choppy trading session lower as macroeconomic worries arising from a high global crude oil prices weighed on investor sentiment. Low volumes caused intraday volatility in share prices. Healthcare and IT sector shares gained while consumer durables, metals and realty sector shares fell the most. Nine out of 13 sectoral indices on BSE declined. The BSE Sensex closed below the psychological 20,000 mark, after flirting with that level in intraday trade. The 50-unit S&P CNX Nifty closed below the psychological 6,000 mark, after flirting with that level in intraday trade.
Subdued before Christmas
Happiness arises in a state of peace, not of tumult. - Ann Radcliffe.
Key indices are set to open a tad higher, supported by positive finish in the US and Europe. Crude oil has crossed $90, which again is not making life any easier for the policymakers. Copper prices are also near record highs after appreciating ~30% this year.
Grey Market Premiums - Dec 23 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Ravi Kumar Distilleries | 64 (Upper) | 14 to 15 |
| A 2 Z Maintenance | 400 (Lower) | Discount (-10 to -15) |
| Punjab & Sind Bank | 113 to 120 | 33 to 34 |
| Shekhawati Poly Yarn | 30 (Fixed Price) | 8 to 9 |
Market may open flat to slightly higher; food inflation data eyed
The market may open flat to slightly higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is any indication. It indicates a gain of 5 points at the opening bell. On the macro front, the government will unveil data on some wholesale price indices for the year through 11 December 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
Markets are expected to resume the trading on a firm note tracking the positive global markets. The weekly inflation numbers are to be released later today.
Headlines for the day:
Nokia Siemens Networks bags 3G order from Idea Cellular
Maruti pulls out all stops in market-share fight
Reliance Industries will take more time to ramp up D6 output
Daily News Roundup - Dec 23 2010
Reliance Industries mulls hiking gas output from KG basin. (BL)
ONGC gets Brazil’s approval to farm out block in Santos basin. (BS)
Gas leak kills 2 people in Dr Reddy’s Lab unit near Hyderabad, (ET)
Sensex dips slightly...Nifty ends below 6000
Another day, another dull session on Indian bourses with thin volumes. Such listless was today's session that one could even forgive investors and traders for yawning on their desks or indulging in some other activity.
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