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Tuesday, December 28, 2010

Sheila Ki Jawani

BSE Bulk Deals to Watch - Dec 28 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/12/2010 533292 A2Z Maint & Engg CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 698903 339.51
24/12/2010 533292 A2Z Maint & Engg OPG SECURITIES P LTD B 846953 339.59

NSE Bulk Deals to Watch - Dec 28 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-DEC-2010,ASIANHOTNR,Asian Hotels (North) Ltd,RADHE SHYAM SARAF,BUY,395249,220.00,-

Sensex ends tad lower; HDFC Bank, Tata Power gain

Markets saw yet another day of range bound and dull trade, wherein indices opened positive, range bound trade amid volatility and finally a weak close. Today, the indices opened in the green and witnessed some buying interest in the early session. The market however exhibited short lived positive movement due to profit booking seen in RIL and ICICI bank in particular. Further, market gave up the gains and became sluggish due to sudden profit taking at higher levels. Asian indices were weak throughout the session and US premarket indices` futures were also mixed, thus failed to provide any positive cue to Indian market.

Directionless markets end flat amid tepid volumes

It was a dull session as the markets were struggling for specific direction all through the day amid tepid volumes and shut on a flat note

Major headlines

iGate set to buy Patni Computer in $1 billion deal

Surya Pharma rises on overseas brand acquisition

Tougher norms for housing finance companies

Asian stocks witness nervous trades

Chinese rate hike continues to keep sentiments wounded

Market ends flat; Nifty ends below 6000 mark

The key benchmark indices had a flat closing on Tuesday, 28 December 2010. Seven out of 13 sectoral indices on BSE were positive. Selling was witnessed in oil & gas, PSU and auto stocks while defensives like FMCG and healthcare stocks ended higher. The market breadth was positive. Volumes were thin as market participation was low from institutional investors ahead of year ending.

Punjab and Sind Bank IPO Listing Date

Punjab and Sind Bank IPO is listing on Dec 30 2010

Microfinance Sector

Microfinance Sector

Strategy - Technical Charts

Strategy - Technical Charts



Mixed finish for precious metals

Gold ends marginally higher but silver slips

Precious metals ended mixed on Monday, 27 December 2010 at Comex. Gold prices recovered as the dollar fell but silver turned a little pale. Market was closed last Friday tomorrow in observance of Christmas.

Crude slips down a little

Prices drop as China hikes rates

Crude prices ended lower on Monday, 27 December 2010 at Nymex. News that China hiked its target lending rate and deposit rate by another 25 basis points sent prices lower as investors showed concern about how higher rates could crimp growth.



Sun Pharma

Sun Pharma

The China factor

Moderation is the secret of survival. - Manly Hall.

India largely survived the China scare as did the US markets. For most part of Monday, even the Chinese markets were firm before things took an ugly turn in late trading. That had a sentimental impact on India as well as the European markets.

Daily Research - Dec 28 2010

Daily Research - Dec 28 2010

Trading Calls - Dec 28 2010

Trading Calls - Dec 28 2010

Berger Paints

Berger Paints

Grey Market Premiums - Dec 28 2010

Company Name

Offer Price




Punjab & Sind Bank

120 (Upper)

29 to 30

Shekhawati Poly Yarn

30 (Fixed Price)

8 to 9

Market may open in the green

The market may open higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate a gain of 17.50 points at the opening bell. Asian stocks were mixed.

Asian stock markets were mixed on Tuesday, 28 December 2010 as investors looked past China's rate hikes and stayed on the sidelines ahead of the release of key U.S. home price data later in the day. The key benchmark indices in China, Hong Kong, Japan and Taiwan fell by between 0.12% to 0.8%. The key benchmark indices in Indonesia, South Korea and Singapore rose by between 0.16% to 0.82%.

Markets expect a positive start

Markets are expected to resume the trading on a firm note tracking the mixed Asian markets. However, the markets may remain subdued with thin trading.

Headlines for the day:

Tata International buys 76% stake each in Bachi Shoes, Euro Shoe

New telecom gear norms by February: DoT

Infosys, Wipro, TCS investing more in leadership training

Daily News Roundup - Dec 28 2010

NTPC has signed a Power Purchase Agreement with the state-owned Grid Corporation of Orissa for sale of power from the central sector's proposed projects in three eastern states of Orissa, West Bengal and Bihar. (ET)

NTPC has commissioned the seventh unit of the Korba Super Thermal Power Station, with a capacity of 500mw in Chhattisgarh. (ET)

iGate is set to acquire Patni Computer Systems for US$1bn, at a price of around Rs525 per share, after it reached an understanding with its promoters on the contentious issue of a non-compete provision. (ET)

PFC and REC are hiring consultants to advise them on either setting up a bank, or buying one, to cut their cost of funds. (ET)

Maruti Suzuki is working on a small SUV to tap other growing segments in the domestic car market. (BL)

Power Grid Corporation has paid Rs1bn as compensation to farmers for land acquisition in past two years. (BS)

Divestment in Hindustan Copper, which aimed to raise Rs40bn, had been deferred and might now take place either in February or after the budget. (BS)

Bharti is looking at launching its Africa-centric DTH operations in early-to-mid 2011under the Airtel digital TV brand. (FE)

Tata Steel UK, the British unit of India's biggest producer of the alloy, borrowed US$2.9bn to refinance loans taken to buy Corus Group Plc. (FE)

Lanco Infratech to hive off its power business into a separate company with the aim of hitting the capital market with an initial public offer in 2012 for financing growth plans. (ET)

ONGC proposes to increase its stake in Pawan Hans Helicopters to 49% from 21.5% by infusing Rs960mn. (BS)

Unitech said its promoters have increased stake in the company by 1.2% to 48.6% by converting warrants worth Rs2.3bn. (BS)

Union Bank of India is expecting funds worth Rs11.5bn from the government by March 2011 to boost its tier I capital. (ET)

Union Bank of India raised base rate by 50 bps to 9%. (FE)

KEC International has bagged orders worth Rs10.2bn towards transmission lines construction and various supply and civil orders. (BS)

Fortis Healthcare has announced plans to set up stand-alone Speciality Medical Centres focused on the management of diabetes, metabolic diseases and endocrinology-related ailments. (BL)

Dishman Pharma will manufacture cardiac drug ingredients for a European multinational under a US$50mn deal. (ET)

Gujarat NRE Coke has allotted 60mn convertible warrants to promoters on a preferential basis at Rs62.5 a piece. (BS)
Economy Snippets

FICCI has asked the government to delay implementation of international accounting norms, IFRS, beyond April 2011, saying the deadline is "highly unworkable" and "unfair". (ET)

India's mobile phone market added 18.9mn new subscribers in October, taking the total number of connections to 706.7mn. (ET)

An EGoM on Food is scheduled to meet and review prices of essential commodities and also discuss imposition of import duty on sugar. (ET)

The National Housing Board has tightened lending norms governing housing finance companies. It has mandated the firms to make greater provisions for loans extended to companies and builders while limiting the amount a person can borrow against property. (ET)

FIPB to take up 38 foreign investment proposals. (FE)

The Centre is planning to increase the spending on social activities with a rise in government revenue. (FE)

The government has allowed exporters of over 100 products, including garments, silk yarn and food articles, to refix their export obligation. (FE)

The Planning Commission is reviewing the Build, Operate and Transfer (annuity) model of building roads to see why it is not finding acceptability in large sections of the government. (BS)

Sensex, Nifty end near day's low

Indian stocks drifted lower on Monday, with the key stock benchmarks ending near the day's low, after the Chinese market tumbled in late trade in the wake of the weekend rate hike and the European markets weakened.

SGX Nifty Live Update - Dec 28 2010

6,020.00 +12.50