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Wednesday, August 31, 2011
NCDs - are you investing in them ?
They promise more return, but do your post-tax and allied homework to assess if the risk element is worth it.
Bank fixed deposits, company fixed deposits and now a raft of non-convertible debenture issues — as a retail investor, you are indeed spoilt for choice. And, all of these are offering handsome returns, given the high interest rate regime.
A plain comparison on returns would suggest no scope for debate, as several companies issuing NCDs are promising double-digit rates, much more than bank or company FDs. But wait before taking a decision, as the apparent returns are just one way of looking at things. The risk element also needs to be considered.
The bear market rally has begun
I've been warning bears for a couple of weeks that the market was due for an aggressive bear market rally. That rally has clearly begun.
I have often referenced the rubber band theory in my writing. For those not in the know, the rubber band theory is nothing more than the tendency for any market to regress to the mean. And the further a market is stretched away from the mean, the more violent the snap back tends to be once the pressure is released.
Markets are really no different. The further you stretch the stock market the more violent and persistent the snap back tends to be once the turn occurs. At the recent yearly cycle low on August 9, the stock market had stretched to ridiculous levels, both sentiment wise and technically. This should generate an extremely convincing bear market rally.
Read more
Bullion metals end their losing streak
Gold and silver rises to highest levels in a week
Bullion metals were back at their winning spree on Tuesday, 30 August 2011 surging more than 2% to end at their highest level in a week as investors questioned the rebound for U.S. equities and had lingering concerns about the state of the global economy. Worse than expected economic data boosted bullion prices again asa asafe haven for alternative investment.
Crude rises the most in three weeks
Prices pare initial weakness and rise on hopes of strong demand
Crude-oil futures shed their initial weakness and ended substantially higher on Tuesday, 30 August 2011 to end at their best level in nearly three weeks. Crude price at Nymex were under pressure earlier following weak consumer confidence data. Then, prices gave up earlier weakness and rose as U.S. equities rose and brought some optimism about oil demand to the market. The dollar turning weak also aided in rising crude prices.
Tuesday, August 30, 2011
HP Touchpad in India for sale ?
HP Touchpad is not directly available in India, however, you could order it through sites like these
Ebay.in
20North (Not sure if they have stock, they keep flip flopping)
Shop your world/
In all of the above cases, you won't be getting the tablet for 99$, they are usually double the price or more. I would recommend waiting for the prices to come down and not buy from all of these who are trying to make some quick money.
SKS Microfinance expands into other businesses
SKS Microfinance is reportedly scaling up its non-core businesses of financing Samgam stores, which are retail grocery stores owned by poor women, and increasing its gold lending operations in efforts to diversify its revenue stream. In the Samgam scheme, SKS Microfinance stores lend to Samgam stores and connects them with wholesale suppliers such as Hydera bad-based Metro Cash and Carry India Private Limited. SKS Microfinance receives some commission from the suppliers. Mr M R Rao, managing director and chief executive officer of SKS Microfinance, said, “We are scaling up our pilot on the ‘Samgam’ stores scheme and expanding it to Bangalore. Subsequently, this may be extended to all other States later.” SKS is also considering increasing the number of its branches that offer gold loans. Mr Rao added, “The number of [gold loan] branches is being increased from the present five to 20 as there is huge demand-supply gap in rural micro credit.”
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Nifty September 2011 futures above 5000
Turnover jumps
Nifty September 2011 futures were at 5,014.05, at a premium of 13.05 points over spot closing of 5,001. Turnover in NSE's futures & options segment jumped to Rs 108801.62 crore from Rs 90130.66 crore on Monday, 29 August 2011.
Manappuram Finance leads gainers in 'A' group
Sesa Goa, Pipavav Shipyard, DLF and HCL Technologies are among the other gainers.
Manappuram Finance vaulted 14.81% to Rs 50.40. The stock topped the gainers in the BSE's 'A' group. Manappuram Finance's public issue of non convertible debentures (NCDs) aggregating to Rs 400 crore with an option to retain over-subscription up to Rs 350 crore for issuance of additional NCDs aggregating to a total of up to Rs 750 crore opened for subscription on 18 August 2011. The issue closes on 5 September 2011.
NSE Bulk Deals to Watch - Aug 30 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-AUG-2011,ESSELPACK,Essel Propack Ltd.,GANJAM TRADING CO PVT LTD,BUY,2500000,36.15,-
30-AUG-2011,GITANJALI,Gitanjali Gems Limited,JAIWANTI MERCANTILES PRIVATE LIMITED,BUY,25000,315.89,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,204600,151.71,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,NITIN BABAJI PALANDE,BUY,50625,150.20,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,SAAKSHI SHARES PVT.LTD.,BUY,179113,150.80,-
30-AUG-2011,MANINDS,Man Industries (I) Ltd,NIKHIL RAMESHCHANDRA MANSUKHANI ,BUY,1272814,126.00,-
30-AUG-2011,NCC,NCC Limited,WARHOL LIMITED,BUY,4318600,53.50,-
30-AUG-2011,OILCOUNTUB,Oil Country Tubular Ltd,UNITED STEEL ALLIED INDUSTRIES PRIVATE LIMITED,BUY,300000,65.00,-
30-AUG-2011,TREEHOUSE,Tree House Edu Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,383750,127.20,-
30-AUG-2011,DCM,DCM Ltd,YAMALA INFRASTRUCTURE PVT LTD,SELL,104141,47.37,-
30-AUG-2011,ESSELPACK,Essel Propack Ltd.,LAZARUS INVESTMENTS LTD,SELL,2500000,36.15,-
30-AUG-2011,GITANJALI,Gitanjali Gems Limited,JAIWANTI MERCANTILES PRIVATE LIMITED,SELL,476100,310.98,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,ALFA FISCAL SERVICES PVT LTD,SELL,167600,150.98,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,NITIN BABAJI PALANDE,SELL,157625,149.72,-
30-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,SAAKSHI SHARES PVT.LTD.,SELL,166633,151.22,-
30-AUG-2011,MANINDS,Man Industries (I) Ltd,VAZE NAKUL DILIP,SELL,1272814,126.00,-
30-AUG-2011,NCC,NCC Limited,J P M S L A/c Copthall Mauritius Investment Ltd,SELL,3600000,53.50,-
30-AUG-2011,OILCOUNTUB,Oil Country Tubular Ltd,MARUTI TRADERS AND INVESTORS,SELL,256961,65.00,-
30-AUG-2011,TREEHOUSE,Tree House Edu Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,383750,127.07,-
BSE Bulk Deals to Watch - Aug 30 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/8/2011 511750 Ascent Exim MAHAVIRSINGH N CHAUHAN S 37300 4.53
30/8/2011 532435 Asia HR Tech HEMALI MITESH PUJARA B 99999 4.50
30/8/2011 532435 Asia HR Tech M SARASWATHY S 61780 4.50
30/8/2011 530187 Atharv Enter MEENAKSHI JATIA B 75000 19.96
30/8/2011 530187 Atharv Enter SURBHI BAJORIA B 36639 19.96
Rally continues; Sensex closes 260 points higher
The Indian markets stood strong for the second consecutive day. The Sensex rose 260 points and the Nifty surged 81 points.
Major headlines
Q1FY12 GDP at 7.7% vs 9.3% yoy
ONGC plunges on share sale nod
Q1 GDP growth disappointing: FM
Market settles near 2-week high on strong Q1 GDP data
Strong Q1 June 2011 GDP growth data helped Indian shares extend Monday's (29 August 2011) strong rally, with the key benchmark indices attaining their highest closing level in nearly two weeks. The 50-unit S&P CNX Nifty regained the psychological 5,000 level. The market breadth was strong. The barometer index BSE Sensex jumped 260.42 points or 1.59%, up about 230 points from the day's low and off close to 40 points from the day's high. Index heavyweight Reliance Industries (RIL) jumped, extending Monday's rally. Hero MotoCorp and Idea Cellular hit 52-week highs.
Daily News Roundup - Aug 30 2011
Wockhardt plans to launch 12-15 products in the US market this financial year and also increase its reach in the European market.(BS)
ONGC is likely to start oil and gas production from Krishna-Godavari basin field GS-15 next month.(BS)
Maruti is gearing up for a major product onslaught with the launch of 15-20 new vehicles in the next five years.(ET)
The Anna effect…Sensex skyrockets; Nifty tops 4900
Indian equity indices rallied on Monday, with the BSE Sensex jumping by nearly 600 points and the NSE Nifty ending above the 4,900 mark. The Sensex and the Nifty closed near their intraday highs on the back of short covering and some bargain hunting following the recent drubbing.
Finally, the BSE Sensex ended at 16,416, adding 567 points. It had earlier touched a day's high of 16,462 and a day's low of 15,068. It opened at 16,080. The NSE Nifty closed at 4,919, adding ~171 points.
Appetite picking up!
Appetite, with an opinion of attaining, is called hope; the same, without such opinion, despair. – Thomas Hobbes.
The long hunger for gains has resulted in risk appetite picking up in equities during the past few sessions. After being on a slippery slope for quite a while, global stock markets are turning around. The recent fall was pretty ferocious and a lot of ground still needs to be covered. Whether the current recovery is sustainable cannot be ascertained. Wait for some more clarity and stability before committing larger amounts.
Crude jumps up
Prices gain on hopes of fast economic turnaround
Crude prices ended substantially higher on Monday, 29 August 2011 at Nymex. Latest data from the Commerce Department regarding the income and spending of US consumers revived strong hopes of economic turnaround once again. U.S equities opened higher on relief that Hurricane Irene, while deadly, stopped short of creating complete havoc along the East Coast. These in turn helped crude prices rise again on hopes of higher demand of crude in coming months
Bullions lose luster
Prices drop modestly lower as investors return to equities
Precious metals ended modestly lower on Monday, 29 August 2011 at Comex. Prices dropped as investors returned to equities thereby reducing the luster of bullions to some extent. Latest data from the Commerce Department regarding the income and spending of US consumers revived strong hopes of economic turnaround once again. U.S equities opened higher on relief that Hurricane Irene, while deadly, stopped short of creating complete havoc along the East Coast.
Market may extend gains for the second straight day; Q1 GDP data in focus
The market may extend Monday (29 August 2011)'s 3.58% surge on firm Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 63 points at the opening bell. On the macro front, the government will unveil data on first quarter GDP growth today, 30 August 2011, which may provide cues on the central bank's likely policy stance at its mid-quarter policy review on 16 September 2011.
An optimistic assessment of the US economy from Federal Reserve Chairman Ben Bernanke on Friday, 26 August 2011, boosted stocks across the globe and Indian shares were no exception on Monday, 29 August 2011. The US is the world's biggest economy. The end of a standoff between the government and anti-corruption activist Anna Hazare during the weekend over anti-corruption bill, also aided the rally on the domestic bourses as the barometer index BSE Sensex regained the psychological 16,000 mark. The BSE Sensex jumped 567.50 points or 3.58% to settle at 16,416.33, its highest closing level since 23 August 2011.
Monday, August 29, 2011
Nifty September 2011 futures above 4900
Turnover declines
Nifty September 2011 futures were at 4,939.55, at a premium of 19.95 points over spot closing of 4,919.60. Turnover in NSE's futures & options segment declined to Rs 90130.66 crore from Rs 101375.59 crore on Friday, 26 August 2011.
Reliance Industries September 2011 futures were at 757.25, at a premium over spot closing of 754.35.
Markets zoom
Indian equity indices rallied on Monday, with the BSE Sensex jumping by nearly 600 points and the NSE Nifty ending above the 4,900 mark. The Sensex and the Nifty closed near their intraday highs on the back of short covering and some bargain hunting following the recent drubbing.
Finally, the BSE Sensex ended at 16,416, adding 567 points. It had earlier touched a day's high of 16,462 and a day's low of 15,068. It opened at 16,080. The NSE Nifty closed at 4,919, adding ~171 points.
Bounce back Monday; Sensex zooms 568 points
Technology shares were under buyers’ radar, which provided the major support today alongwith rally in the global stocks. The Sensex surged 568 pts and the Nifty rose 172 pts.
Major headlines
RBI issues guidelines for new bank licences
Govt may raise export duty on iron ore
RIL regains top position
RBI proposes new rules for NBFCs
Sensex strikes back with a vengeance as world stocks rise
An optimistic assessment of the US economy from Federal Reserve Chairman Ben Bernanke on Friday, 26 August 2011, boosted stocks across the globe and Indian shares were no exception. The US is the world's biggest economy. The end of a standoff between the government and anti-corruption activist Anna Hazare during the weekend over anti-corruption bill, also aided the rally on the domestic bourses as the barometer index BSE Sensex regained the psychological 16,000 mark. The BSE Sensex jumped 567.50 points or 3.58%, off close to 45 points from the day's high and up close to 350 points from the day's low. The market snapped a three-day losing streak.
The Sensex had tanked 3,022.46 points or 16.01% during a period of a little over one month to 18-1/2-month closing low of 15,848.83 on Friday, 26 August 2011, from a high of 18,871.29 on 25 July 2011.
Grey Market Premiums - Aug 29 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| Brooks Lab. | 100 | 4 to 5 |
| SRS Ltd. | 58 to 65 | 3 to 3.50 |
| T. D. Power Systems | 256 to 261 | 7 to 7.50 |
| Manappuram Finance | 1000 | 9.50 to 10 |
| Muthoot Finance | 1000 | 15 to 16 |
Daily News Roundup - Aug 29 2011
Wockhardt plans to launch 12-15 products in the US market this financial year and also increase its reach in the European market.(BS)
ONGC is likely to start oil and gas production from Krishna-Godavari basin field GS-15 next month.(BS)
Maruti is gearing up for a major product onslaught with the launch of 15-20 new vehicles in the next five years.(ET)
Weathering the storm!
Human misery must somewhere have a stop; there is no wind that always blows a storm. - Euripides.
The political class has finally managed to temporarily weather the Anna Hazare storm over the Lokpal Bill. There is a sense of relief. Also, the parliament’s resolution on Saturday after a constructive discussion has fueled expectations that a few key reform bills may get cleared soon.
The start today is likely to be a good one, spurred by healthy gains across global markets. US stocks rallied on Friday, despite Fed chairman Ben Bernanke refraining from announcing another stimulus. The FOMC may consider the same at its September meeting, he said.
Markets rise at start; Sensex soars 300 points
The Indian indices bounced back and started the session on a strong note following the healthy gains across global markets. The much awaited speech by Ben Bernanke evoked a positive response from investors on Wall Street and lifted the US markets. Buying activity was seen across the board. IT, TECk and Banking shares were in gaining spree, while FMCG shares traded negative. The adanvance to decline ratio, stood very strong.
Among the 30 Sensex stocks – only ITC was trading down by 0.13%. Infosys surged by 3.34%, followed by TCS that gained by 2.99% and Jaiprakash Associates rose by 2.82%.
At 9.28 am, the Sensex was trading at 16160, 311 points higher and the Nifty was trading at 4835, up by 88 points.
Sensex reclaims 16,000
Firm Asian shares triggered a recovery in battered Indian shares in early trade. The end of the standoff between the government and anti-corruption activist Anna Hazare during the week-end aided initial rally as the barometer index BSE regained the psychological 16,000 mark. The Sensex was up 289.97 points or 1.83%. The market breadth was strong. Most Asian stock markets gained after Federal Reserve Chairman Ben Bernanke on Friday, 26 August 2011, said that the the US economic recovery will accelerate and the central bank has more means to prop up growth if appropriate.
Sunday, August 28, 2011
Saturday, August 27, 2011
Friday, August 26, 2011
BSE Bulk Deals to Watch - Aug 26 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/8/2011 530901 ACIL SANJAY AGARWAL S 574753 0.70
26/8/2011 511664 BGIL Films KAILASH CHANDRA B 47952 5.51
26/8/2011 511664 BGIL Films ENAAM SECURITIES B 50000 5.78
26/8/2011 511664 BGIL Films ENAAM SECURITIES S 50000 5.51
26/8/2011 511664 BGIL Films KAILASH CHANDRA S 68952 5.76
NSE Bulk Deals to Watch - Aug 26 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-AUG-2011,EDUCOMP,Educomp Solutions Limited,CORONATION INVESTMENT MANAGEMENT COMPANY (PTY) LTD A/C CORO,BUY,800000,202.63,-
26-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,446513,136.59,-
26-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,155008,134.66,-
Sensex underperforms its peers, down for fifth week
It was again a bad week for markets, with the Sensex falling by 1.81%. The index was the only loser among its global peers.
Major headlines for the week
Food inflation at 9.80% versus 9.03%
Mphasis Q3 consolidated net profit down by 28%
FDI inflow to surge sharply to $19.5 billion
57 A-group stocks hit 52-week low on BSE; Banks worst hit
13 major banks hit 52-week low
Auto, FMCG shares may advance on good rains
Bears are calling the shots on the bourses. A steep setback this month has pulled the market to 1-1/2-year low. Heavy selling by foreign funds this month has hit sentiment adversely. Multiple forces such as a standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill, concerns about corporate earnings growth amid high interest rates, euro-zone debt worries, and concerns about a slowdown in the United States, the world's biggest economy, are currently weighing on Indian shares.
Market slides for fifth week in a row
Sustained selling by foreign fund amid concerns about corporate earnings growth, worries over global economic growth and standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill, pulled Indian shares lower for the 5th week in a row. The Sensex fell below the psychological 16,000 mark and the Nifty slid below 4,800 level. Reports that China had deployed more advanced nuclear missiles at Sino-Indian border as a 'deterrent posture' also weighed on investor sentiment.
Market hits 18-1/2-month low in broad-based sell-off
Key benchmark indices fell for the third straight day to hit 18-1/2-month lows as data showing sustained selling by foreign funds this month hurt sentiment. Weak global shares also weighed on sentiment. The barometer index BSE Sensex fell below the psychological 16,000 mark. Index heavyweights Reliance Industries (RIL) hit 52 week low. The Sensex tumbled 297.50 points or 1.84%, off about 410 points from the day's high and up close to 80 points from the day's low. The sell-off was broad-based and all the 13 sectoral indices on BSE were in the red. The market breadth was quite weak.
Daily News Roundup - Aug 26 2011
SREI Infrastructure Finance plans to raise US$1bn through an infrastructure equity fund that would invest in areas such as roads, power and ports. (ET)
Tata Power plans to invest around Rs10bn over the next three years to lay its own cable network in Mumbai for power distribution.(ET)
L&T Construction said it has bagged Rs7.97bn orders in building and factories segment. (ET)
Nifty below 4850...Falls 12% in August F&O series
The Indian markets declined for a second straight trading session on Thursday amid a late sell-off in IT, Metals, Banking and Telecom stocks. On the other hand, Pharma, Realty and FMCG stocks bucked the negative trend. The key Indian equity benchmarks took an ugly turn down in late trade, with the BSE Sensex and the NSE Nifty losing over 1% each. The Nifty in fact broke below the 4850 mark.
Worries continue
Worry is interest paid on trouble before it comes due.- William Ralph Inge
Indian markets succumbed to a late selloff on Thursday despite positive cues from overseas markets. The Nifty closed below 4850 on F&O expiry day. The fall in August F&O series is said to be the worst in three years.
So will things improve from here on or are we headed for lower levels on the key indices? It’s a tough call to make having seen the deep cuts of August.
Markets may begin on a flat note
The Indian markets are set for a flat start tracking mixed cues from the Asian markets. Trading may remain cautious ahead of Bernanke speech.
Headlines for the day:
NSE to launch S&P, Dow Jones from Monday
CIL may lose 40K tonne a day on Jharkand ban
PowerGrid to launch India’s first 1,200-Kv station
Precious metals end modestly higher
Gold pares earlier losses as US equities slump once again
Precious metals ended somewhat higher on Thursday, 25 August 2011 at Comex. Prices rose once again as US equities slumped giving up their earlier gains. Traders became unnerved once again as news circulated that Germany might be the next to get a debt downgrade. Prices closed higher despite a strong dollar after initial claims data showed an unexpected increase for last week.
Crude pares earlier losses to end marginally higher
Hurricane Irene raises concerns about a slowdown in refinery production
Crude prices ended marginally higher on Thursday, 25 August 2011 at Nymex. Prices traded lower for most part of the day after the dollar rose and US equities slumped. It pared its losses in the later part of the day as Hurricane Irene fed concerns about a slowdown in refinery production on the East Coast.
Market may open flat to slightly lower
The market may open flat to slightly lower tracking mostly down Asian stocks ahead of a speech by Federal Reserve Chairman Ben Bernanke later in the global day. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 6 points at the opening bell.
Key benchmark indices extended losses for the second straight day on Thursday, 25 August 2011 as data showing a rise in food inflation in mid-August 2011, data showing sustained selling by foreign funds this month, standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill and reports that China has deployed more advanced nuclear missiles at Sino-Indian border as a 'deterrent posture' weighed on investor sentiment. The BSE Sensex was down 138.65 points or 0.85% to 16,146.33, its lowest closing level since 19 August 2011.
Thursday, August 25, 2011
BSE Bulk Deals to Watch - Aug 25 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
25/8/2011 517356 ACI Infocom PROG DYE CHEM PRIVATE LIMITED B 648832 25.81
25/8/2011 517356 ACI Infocom APG FAMILY TRUST S 648832 25.80
25/8/2011 517356 ACI Infocom SINDHU SRINIVASULU S 88945 25.77
25/8/2011 517356 ACI Infocom MANJU MUTHA S 59970 25.75
NSE Bulk Deals to Watch - Aug 25 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
25-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,BP FINTRADE PRIVATE LIMITED,BUY,128219,33.91,-
25-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,JMP SECURITIES PVT LTD,BUY,68371,31.74,-
25-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA LAXMI NATH,BUY,150000,31.65,-
25-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA VIVEK LAKSHMINATH,BUY,150000,31.65,-
Nifty September 2011 futures at premium
Turnover jumps
Nifty September 2011 futures were at 4,868, at a premium of 28.40 points over spot closing of 4,839.60. Turnover in NSE's futures & options segment jumped to Rs 225779.14 crore from Rs 179528.54 crore on Wednesday, 24 August 2011. The near-month August 2011 derivatives contracts expired on today, 25 August 2011.
Reliance Industries September 2011 futures were at 755.40, at a premium over spot closing of 751.
Nifty at 15-month closing low
Key benchmark indices extended losses for the second straight day as data showing a rise in food inflation in mid-August 2011, data showing sustained selling by foreign funds this month, standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill and reports that China has deployed more advanced nuclear missiles at Sino-Indian border as a 'deterrent posture' weighed on investor sentiment. The 50-unit S&P CNX Nifty reached 15-month closing low. The barometer index BSE Sensex lost 138.65 points or 0.85%, up close to 40 points from the day's low and off close to 230 points from the day's high.
Grey Market Premiums - Aug 25 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| Tree House of Education & Accessories | 135 | -1 to 1.50 |
| Brooks Lab. | 90 to 100 | 5 to 6 |
| SRS Ltd. | 58 to 65 | 4 to 4.50 |
| T. D. Power Systems | 256 to 261 | -- |
| IIFL Bond | 1000 | -- |
| Shriram City Union Bond | 1000 | -- |
| Manappuram Finance | 1000 | -- |
| Muthoot Finance | 1000 | -- |
Market may open higher on firm Asian stocks; food inflation data eyed
The market may open higher on firm Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 52.50 points at the opening bell.
Intraday volatility may remain high as traders roll over positions in the derivatives segment from the near-month August 2011 series to September 2011 series. The August 2011 derivatives contracts expire today, 25 August 2011.
DAily News Roundup - Aug 25 2011
Reliance Portfolio Management Services, a part of Reliance Capital Asset Management, plans to raise over Rs.15bn from the domestic market to invest in real estate projects around the country. (ET)
Tata Power, expects the federal government to review the tariff structure for Ultra-Mega Power Projects (UMPP) as coal prices have risen. (ET)
Tata Power , part of the diversified Tata group, is looking for power projects outside the country to sustain its growth. (ET)
Strong global cues may lift markets at start
The global sentiments appear to be good ahead of Jackson Hole meeting and this may lead to a strong opening for the Indian markets.
Headlines for the day:
Tata Power seeks higher rate for Mundra unit
NHAI on fast track, highways to double
Indian banks will need more equity for Basel III
Sensex skids on late selloff...Nifty ends below 4900
Bears were back on Dalal Street on Wednesday, sending the key equity indices down for the first time in three sessions this week. The Indian markets witnessed heavy offloading across the board with the selloff gaining traction in the last one hour or so. Auto, Metals, Banking and Capital Goods stocks were among the major losers. The Mid-Caps and the Small-Caps also ended in the red after outperforming their Large-Cap peers for most part of the day.
Living in an impasse!
What we call reality is an agreement that people have arrived at to make life more livable. - Louise Nevelson.
There is no end in sight to the current political standoff over the Lokpal Bill. Anna Hazare’s health seems to be deteriorating as well. No one is willing to give an inch. So, the impasse may persist till there is a meeting of the minds on the anti-corruption bill.
Steve Jobs resigns as Apple CEO
Steve Jobs, the mind behind the iPhone, iPad and other devices that turned Apple Inc. (AAPL) into one of the world's most powerful companies, resigned as the company's CEO on Wednesday, saying he can no longer handle the job.
Read more
BSE Bulk Deals to Watch - Aug 24 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/8/2011 530901 ACIL SANJAY AGARWAL S 1000000 0.77
24/8/2011 524760 Arvind Intl-$ KAVISH SALUJA S 40000 13.00
24/8/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD S 193325 5.07
24/8/2011 511664 BGIL Films KAILASH CHANDRA B 40005 5.54
24/8/2011 511664 BGIL Films ENAAM SECURITIES B 60001 5.54
NSE Bulk Deals to Watch - Aug 24 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
24-AUG-2011,AANJANEYA,Aanjaneya Lifecare Ltd,MUSKAN AGENCIES AND TRADING LTD,BUY,65000,447.00,-
24-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,SAAKSHI SHARES PVT.LTD.,BUY,383918,147.63,-
24-AUG-2011,KEMROCK,Kemrock Industries and Ex,AXIS BANK LTD,BUY,117650,515.85,-
24-AUG-2011,KSOILS,K S Oils Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,2746919,10.88,-
Sensex slips 213 points on profit booking
The sentiments turned weak as investors booked profits after two days gains. The Sensex slid 213 points and the Nifty dropped 60 points
Major headlines
Lupin soars as Japanese firm in talks to buy stake
Tata Chemicals acquires stake in EPM Mining
Kiri Industries wins $20 million export order
Market snaps two-day gains
Automobile, metal and banking shares led Indian shares lower as the market snapped a rally in the preceding two trading sessions. Banking major State Bank of India (SBI) and auto major Tata Motors hit 52-week lows. Intraday volatility was high as traders rolled over positions in the derivatives segment from the near-month August 2011 series to September 2011 series. The August 2011 derivatives contracts expire tomorrow, 25 August 2011. The BSE Sensex fell 213.49 points or 1.29%, off 248.24 points from the day's high and up 31.20 points from the day's low. Data showing sustained selling by foreign funds this month weighed on investor sentiment.
Wednesday, August 24, 2011
Grey Market Premiums - Aug 24 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| Tree House of Education & Accessories | 135 | -1 to 1.50 |
| Brooks Lab. | 90 to 100 | 5 to 6 |
| SRS Ltd. | 58 to 65 | 4 to 4.50 |
| T. D. Power Systems | 256 to 261 | -- |
| IIFL Bond | 1000 | -- |
| Shriram City Union Bond | 1000 | -- |
| Manappuram Finance | 1000 | -- |
| Muthoot Finance | 1000 | -- |
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